TABLE 13-8 A Financial Analyst Wanted to Examine the Relationship Between Salary

True/False

TABLE 13-8
A financial analyst wanted to examine the relationship between salary (in $1,000) and four 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 Table 13-8, 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 β₃ ≠ 0.