SCENARIO 18-3 A Financial Analyst Wanted to Examine the Relationship Between Salary

Short Answer

SCENARIO 18-3
A financial analyst wanted to examine the relationship between salary (in $1,000)and 4 variables: age (X₁ = Age),experience in the field (X₂ = Exper),number of degrees (X₃ = Degrees),and number of previous jobs in the field (X₄ = Prevjobs).He took a sample of 20 employees and obtained the following Microsoft Excel output:

-Referring to Scenario 18-3,the estimate of the unit change in the mean of Y per unit change in
X₄,considering the effects of the other 3 variables,is .