Data were collected for a sample of 12 pharmacists to determine if years of experience and salary are related. A regression was run with the dependent variable Salary (thousands of dollars) and independent variable Experience (years). Suppose the P-value associated with the calculated t-statistic is <.001. What is the conclusion at the .05 level of significance?
a. Conclude that years of experience is significant in explaining pharmacists' salary.
b. Reject the null hypothesis and we conclude that years of experience is significant in explaining pharmacists' salary
c. Do not reject the null hypothesis and we conclude that years of experience is significant in explaining pharmacists' salary.
d. Reject the null hypothesis.
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