Question
A data set contains the following information about employees' year-end bonus for the sales department in a company: y = year-end bonus in dollars (BONUS)
A data set contains the following information about employees' year-end bonus for the sales department in a company: y = year-end bonus in dollars (BONUS) X1 = number of years of work experience (WORK) x2 = number of months of experience in sales (SALES) x3 = number of months since the employee was employed (EMPLOYMENT) X4 = dummy variable, coded 1 if the employee is a manager and 0 otherwise (MANAGER) A regression analysis of the data was run using the following model: y= Bo + B1 X1 + B2 x2 + B3 X3 + B4 x4 + + Below is the Excel output of the regression analysis
A data set contains the following information about employees' year-end bonus for the sales department in a company: y = year-end bonus in dollars (BONUS) X1 = number of years of work experience (WORK) x2 = number of months of experience in sales (SALES) x3 = number of months since the employee was employed (EMPLOYMENT) X4 = dummy variable, coded 1 if the employee is a manager and 0 otherwise (MANAGER) A regression analysis of the data was run using the following model: y= Bo + B1 X1 + B2 x2 + B3 X3 + B4 x4 + + Below is the Excel output of the regression analysis. 0.79 0.62 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.59 437.67 60 ANOVA df SS MS F Significance F 4.97E-11 4 4299767.86 22.45 Regression Residual Total 55 17199071.45 10535493.55 27734565.00 191554.43 59 t Stat 9.26 Intercept WORK SALES EMPLOYMENT MANAGER Coefficients Standard Error 3444.04 371.97 89.30 29.47 2.18 0.92 20.91 6.67 922.27 137.54 3.03 2.38 P-value 8.17E-13 0.004 0.021 0.003 1.15E-08 Lower 95% 2698.59 30.24 0.35 7.54 646.63 Upper 95% 4189.49 148.35 4.02 34.27 1197.92 3.13 6.71 Answer the following questions based on the Excel output. Write your final answer only (without intermediate steps) for the fill-in-the-blank Question 5 (4 points) A(n) should be used for the hypothesis testing. Z test Op test t test Ftest Question 6 (5 points) The value of the test statistic = A .Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 7 (5 points) The p-value for the test = . Use 3- decimal accuracy for the final answer, e.g., 0.123, when necessary. Question 8 (4 points) Based on the p-value and the level of significance a, we cannot tell; more information is needed do not reject Ho reject Ho ScreenshotStep by Step Solution
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