Instruction 13.24 A Financial Analyst Wanted to Examine the Relationship Between Salary

Short Answer

Instruction 13.24
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:
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.24,the analyst wants to use a t test to test for the significance of the coefficient of X₃.The value of the test statistic is _____.