Question
The problem facing a manager is to assess the impact of factors on? full-time (FT) job growth.? Specifically, the manager is interest in the impact
The problem facing a manager is to assess the impact of factors on? full-time (FT) job growth.? Specifically, the manager is interest in the impact of total worldwide revenues and? full-time voluntary turnover on the number of? full-time jobs added in a year. Data were collected from a sample of 20 ?"best companies to work? for." The data includes the total number of? full-time jobs added in the past? year, total worldwide revenue? (in $millions), and the? full-time voluntary turnover? (%). Use the accompanying data to complete parts? (a) through? (d) below.
The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically, the manager is interest in the impact of total worldwide revenues and full-time voluntary turnover on the number of full-time jobs added in a year. Data were collected from a sample of 20 "best companies to work for." The data includes the total number of full-time jobs added in the past year, total worldwide revenue (in Smillions), and the full-time voluntary turnover (%%). Use the accompanying data to complete parts (a) through (d) below. Eff Click the icon to view the data table. a. State the multiple regression equation. Let X, represent the Total Worldwide Revenues ($millions) and let X2 represent the FT Voluntary Tumover (%). (Round the constant and X2j-coefficient to the nearest integer as needed. Round the X1;-coefficient to four decimal places as needed.) b. Interpret the meanings of the slopes by and by in this problem. Choose the correct answer below. O A. For a given Tumover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by by . For a given Revenue, for each increase 1% in Turnover, the number of Jobs Added is estimated to increase by by. O B. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by by + b2. O C. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by Sby million and the Turnover percentage is estimated to increase by b2 %. O D. The slopes by and by cannot be interpreted individually. C. Interpret the meaning of the regression coefficient, by- Select the correct choice below. O A. The coefficient be represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. O B. The coefficient by represents the estimated number of total jobs added when there is a voluntary turnover of 0%. O C. The coefficient bo represents the estimated number of total jobs added when there is a total worldwide revenue of $0. O D. The coefficient by represents the total worldwide revenue and a voluntary turnover,Data of Best Companies to Work For Total FT Total Worldwide FT Voluntary Jobs Added Revenues ($millions)Turnover (%) 55 280.000 7.688 569 1,309.239 6.996 124 396.196 10.076 309 34,163.000 0.000 -116 727.908 15.486 415 8,843.900 4.504 2,402 24,400.000 11.673 87 290.401 4.559 228 25,364.000 5.617 207 46,100.000 5.728 71 608.200 5.790 6,163 11,814.000 11.549 1,160 3,651.328 6.168 -106 10,900.000 3.856 254 5,040.000 6.496 223 746.000 12.064 1,085 15,000.000 3.287 329 236.698 7.893 -129 31,600.000 8.535 252 860.815 10.310Step by Step Solution
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