TABLE 14-8 A Financial Analyst Wanted to Examine the Relationship Between Salary

Short Answer

TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age
(X₁ = Age)and experience in the field (X₂ = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Table 14-8,the partial F test for
H₀ : Variable X₂ does not significantly improve the model after variable X₁ has been included
H₁ Variable X₂ significantly improves the model after variable X₁ has been included
has ________ and ________ degrees of freedom.