SCENARIO 18-3
a Financial Analyst Wanted to Examine the Relationship $\beta$

True/False

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 analyst wants to use a t test to test for the significance of the coefficient of X₃.At a level of significance of 0.01,the department head would decide that $\beta$ ₃ $\neq$ 0 .