Salary and Years Narrative
A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following statistical software output is from a regression analysis for predicting y from x for n = 15 data points. s = 0.8081 R-sq = 97.9% R-sq(adj) = 97.8%
-Refer to Salary and Years Narrative. Does a linear relationship exist between x and y? Test using = 0.05.

Question

Salary and Years Narrative
A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following statistical software output is from a regression analysis for predicting y from x for n = 15 data points.  s = 0.8081 R-sq = 97.9% R-sq(adj) = 97.8%
-Refer to Salary and Years Narrative. Does a linear relationship exist between x and y? Test using  = 0.05.

Quizplus · Accepted Answer

The Answer is Since p-value = 0.0 < , reject the null hypothesis and conclude that a linear relationship does exist between x and y.

Since p-value = 0.0 < Since p-value = 0.0 < , reject the null hypothesis and conclude that a linear relationship does exist between x and y.

, reject the null hypothesis and conclude that a linear relationship does exist between x and y.