A Manager at a Local Bank Analyzed the Relationship Between

Multiple Choice

A manager at a local bank analyzed the relationship between monthly salary (y,in $) and length of service (x,measured in months) for 30 employees.She estimates the model: Salary = β₀ +β₁ Advertising + ε.The following ANOVA table below shows a portion of the regression results. How much of the variation in Salary is unexplained by the model?

A) 1%
B) 2%
C) 18.39%
D) 77.94%