Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Using the data of Norge Electronics compensation given in the following table, create a (linear) wage curve about basic salary of Norge Electronic and

1. Using the data of Norge Electronics compensation given in the following table, create a (linear) wage curve about basic salary of Norge Electronic and copy the wage curve here. (Hint: use a scatter plot in excel).

2. What is the regression line of the wage curve in the above question? (The regression line looks like Y = a X + b)

3. What is the expected basic salary for a job in Norge Electronic that has a job grade midpoint of 600?

Position Incumbent Employee level job grade midpoint Base salary Bonus Total case Lunch subsidy Auto benefit Other benefits Total Compensation
Director genersl L Freidrickson 20 1500 137,200 NA NA 594 4752 17150 NA
Director Commercial S Svenson 18 1130 100,800 NA NA 594 3456 12,600 NA
Director administrative J silva 17 980 107,800 21,580 129,360 594 3456 13,475 146,885
Director equipas H Fonseca 17 980 87080 9000 96080 3456 10885 110,421
Director controlo clients N Abrantes 15 740 44,800 9000 53800 594 5600 59994
Accounting supervisor P Pereira 13 560 43,400 6500 49900 594 5425 55919
treasurer AP Argento 12 490 33,600 6600 40200 594 4200 44994
Lider Equipa N2 J Serra 11 420 56,000 11,400 67400 2160 7000 76560
Lider Equipa N1 M Pronto 11 420 50,400 5000 55400 2160 6300 63860
Lider Equipa c/s P Paiva 11 420 47,600 4850 52450 2160 5950 60560
Tech rep level V N2 L Ribeiro 8 300 31,500 6200 37700 1464 3938 43102
Tech rep level IV N2 M Antunes 8 300 30,800 6300 37100 1464 3850 42414
Tech rep level V (c/s) F Franco 8 300 25,900 6500 32240 1464 3238 37102
Tech rep level V (N1) M Pacheco 8 300 26,040 6200 31240 1464 3255 35959
Tech rep level III (c/s) W Vieira 8 300 23,100 6500 26600 1464 2888 30952
Tech rep level III (c/s) M Pinheiro 8 300 23,100 2310 25410 1464 2888 29762
Tech rep level IV (N1) JL Carvalho 8 300 23,100 2310 25410 1464 2888 29762
Tech rep level III (N2) L Nogeira 8 300 23,100 23100 1464 2888 27452
Tech rep level III (N2) S Andres 8 300 23,100 23100 2160 2888 28148
Tech rep level II (N2) T Sorbal 8 300 18,900 1890 20790 1464 2363 24617
Import/ export clerk R Ferreira 8 300 19,600 980 20580 396 2450 23426
Tech rep level I (c/s) P Camara 7 260 16,800 16800 1464 2100 20364
Tech rep level I (N1) M Antonio 7 260 16,800 16800 1464 2100 20364
Tech rep level I (N2) E Lemos 7 260 16,800 16800 1464 2100 20364
Tech rep level I (c/s) L mOdesto 7 260 16,800 16800 1464 2100 20364
Tech rep level I (N2) J Cruz 7 260 16,800 16800 1464 2100 20364
Bookkeeper P Costa 7 260 19,880 2000 21880 396 2485 24761
Senior sales clerk S Jesus 6 230 20,720 4150 24870 396 2590 27856
Waterhouse manager P Santos 6 230 17,920 1800 19720 396 2240 22356
Clerk (N1) JL Reis 5 200 18,200 18200 396 2275 20871
Clerk (N2) H Castelhano 5 200 18,200 18200 396 2275 20871
Clerk (N1) R coutinhno 5 200 17,500 17500 396 2188 20084
Clerk (N2) CJ Gouveia 5 200 17,500 17500 396 2188 20084
Clerk (c/s) P santo Silva 5 200 17,360 17360 396 2170 19926

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Why do you think this problem has occurred?

Answered: 1 week ago