A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. The following table summarizes a portion of the regression results: a. Specify the competing hypotheses to determine whether Service is significant in explaining Salary.
B) At the 5% significance level, is Service significant? Explain.

Question

A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. The following table summarizes a portion of the regression results:  a. Specify the competing hypotheses to determine whether Service is significant in explaining Salary.
B) At the 5% significance level, is Service significant? Explain.

Quizplus · Accepted Answer

The Answer of A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. The following table summarizes a portion of the regression results:  a. Specify the competing hypotheses to determine whether Service is significant in explaining Salary.
B) At the 5% significance level, is Service significant? Explain.

A Manager at a Local Bank Analyzed the Relationship Between