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The issues regarding executive compensation have received extensive media attention. Consider a regression model that links CEO compensation ( in $ millions ) with the
The issues regarding executive compensation have received extensive media attention. Consider a regression model that links CEO compensation in $ millions with the total assets of the firm in $ billions and the firms industry. Dummy variables are used to represent four industries: Manufacturing Technology d Manufacturing Other d Financial Services d and Nonfinancial Services d A portion of the data for CEOs is shown in the accompanying table.
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