Exhibit 15-7.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.She estimates .The following table summarizes a portion of the regression results: Refer to Exhibit 15-7.Using the 95% confidence interval,what is the conclusion to the following hypothesis test: ? A)At the 5% significance level,reject H₀ and conclude that Service is significant. B)At the 5% significance level,do not reject H₀ and conclude that Service is significant. C)At the 5% significance level,reject H₀ and conclude that Service is not significant. D)At the 5% significance level,do not reject H₀ and conclude that Service is not significant.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 15-7.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.She estimates .The following table summarizes a portion of the regression results: Refer to Exhibit 15-7.Using the 95% confidence interval,what is the conclusion to the following hypothesis test: ? A)At the 5% significance level,reject H₀ and conclude that Service is significant. B)At the 5% significance level,do not reject H₀ and conclude that Service is significant. C)At the 5% significance level,reject H₀ and conclude that Service is not significant. D)At the 5% significance level,do not reject H₀ and conclude that Service is not significant.