Question: 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
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
