Essay
Use the data given below to answer the following question(s).
Following is an extract from a firm's database detailing the number of hours spent on the job by employees and their corresponding pay. (Note: Assume a level of significance of 0.05 wherever necessary.)
-Is the hours spent on the job a statistically significant variable in explaining the variation in pay of employees? (Hint: Use Regression tool).
Correct Answer:

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