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 following model: Salary = β0 + β1 Service + ε.The following table summarizes a portion of the regression results. Using the 95% confidence interval,which of the following is the conclusion to the following hypothesis test: H0:β0 = 0;HA: β0 ≠ 0?
A) At the 5% significance level,reject H0 because the interval contains 0.
B) At the 5% significance level,do not reject H0 because the interval contains 0.
C) At the 5% significance level,reject H0 because the interval does not contain 0.
D) At the 5% significance level,do not reject H0 because the interval does not contain 0.
Correct Answer:
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