Question
The problem facing a manager is to assess the impact of factors onfull-time (FT) job growth.Specifically, the manager is interest in the impact of total
The problem facing a manager is to assess the impact of factors onfull-time (FT) job growth.Specifically, the manager is interest in the impact of total worldwide revenues andfull-time voluntary turnover on the number offull-time jobs added in a year. Data were collected from a sample of 20 "best companies to workfor." The data includes the total number offull-time jobs added in the pastyear, total worldwide revenue(in $millions), and thefull-time voluntary turnover(%). Use the accompanying data to complete parts(a) through(d) below.
Coefficients Standard Error tStat PValue
Intercept -491.9349953 615.475449 -0.79928 0.435156
Total WW REV 0.77201812 0.060360031 1.279022 0.218073
FT VOL T/O 74.86827201 48.93188797 1.530051 0.144399
Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept -1790.47 806.6047 -1790.47 806.6047
Total WW REV -0.05015 0.20455 -0.05015 0.20455
FT VOL T/O -28.369 178.1055 -28.369 178.1055
Yi=-492+X1I (0.772)+ X2I (74.9)
Interpret the meaning of the regression coefficient, b0. Select the correct choice.
a. The coefficient b0 represents the estimated number of total jobs added when there is a voluntary turnover of 0%.
b. The coefficient b represents the estimated number of total jobs added when there is a total worldwide revenue of $0
c. The coefficient b0 represents the total worldwide revenue and voluntary turnover.
d. The coefficient b0 represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and voluntary turnover of 0%.
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