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