Conduct the following structural equation model analysis using the LISREL-SIMPLIS program:
Sample size $=500$
Observed $X$ variables:
ACT score (ACT)
College Grade Point Average (CGPA)
Company entry-level skills test score (ENTRY)
Observed $Y$ variables:
Beginning salary (SALARY)
Current salary due to promotions (PROMO)
Latent dependent variable: Job Success (JOB)
Latent independent variable: Academic Success (ACAD)
Structural model:
$$
\mathrm{ACAD}->\mathrm{JOB}
$$
Variance-covariance matrix:
$$
\begin{array}{lrrrrr}
\text { ACT } & 1.024 & & & & \\
\text { CGPA } & .792 & 1.077 & & & \\
\text { ENTRY } & .567 & .537 & .852 & & \\
\text { SALARY } & .445 & .424 & .518 & .670 & \\
\text { PROMO } & .434 & .389 & .475 & .545 & .716
\end{array}
$$