Answer
There is enough evidence to conclude that there is linear relation between both explanatory variables, work experience and level of education, with the response variable, annual income.
Work Step by Step
1) $H_0: β_1=0$ versus $H_1: β_1\ne0$
See the results obtained in item (b)
$t_0=3.46$ with a P-value $=0.007\ltα=0.05$. Reject the null hypothesis.
2) $H_0: β_2=0$ versus $H_1: β_2\ne0$
See the results obtained in item (b)
$t_0=5.43$ with a P-value $=0.000\ltα=0.05$. Reject the null hypothesis.
