Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months), gender (0 =
A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months), gender (0 = female, 1 = male), and job type (0 = clerical, 1 = technical). The following ANOVA summarizes the regression results:
ANOVA | ||||
Source of Variation | df | Sum of Square | Mean of Square | F |
Regression | 3 | 1004346.771 | 334782.257 | 5.96 |
Residual | 26 | 1461134.596 | 56197.48445 | |
Total | 29 | 2465481.367 | ||
Coefficients | Standard Error | t Stat | p-vale | |
Intercept | 784.92 | 322.25 | 2.44 | 0.02 |
Service | 9.19 | 3.20 | 2.87 | 0.01 |
Gender | 222.78 | 89 | 2.50 | 0.02 |
Job | -28.21 | 89.61 | -0.31 | 0.76 |
The results for the variable gender show that ______
a. males average $222.78 more than females in monthly salary
b. females average $222.78 more than males in monthly salary
c. gender is not related to monthly salary
d. gender and months of service are correlated
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started