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Total FT Jobs Added Total Worldwide Revenues FT Voluntary Turnover 193 1144 5.351 55 280 7.688 -19 686 9.721 2673 31300 12.632 5 888 10.837

Total FT Jobs Added

Total Worldwide Revenues

FT Voluntary Turnover

193

1144

5.351

55

280

7.688

-19

686

9.721

2673

31300

12.632

5

888

10.837

-57

11500

5.39

-207

2321

5.844

1264

12316.379

20.038

4040

21396

13.136

59

1498.124

2.784

498

6671.684

4.26

-612

17800

3.32

415

8843.9

4.504

329

236.698

7.893

224

2870

1.771

373

8657

9.03

-122

9374

6.802

0

6368

11.451

523

2470.72

6.471

84

961.478

6.534

image text in transcribedimage text in transcribed
a. State the multiple regression equation. Let X1 represent the Total Worldwide Revenues ($millions) and let X2 represent the FT Voluntary Turnover (%). 1?. = -113' + (0.0260')x1i+ (49')x2i (Round the constant and Xzi-coefcient to the nearest integer as needed. Round the X1i-coeicient to four decimal places as needed.) b. Interpret the meanings of the slopes b1 and b2 in this problem. Choose the correct answer below. A. The slopes b1 and b2 cannot be interpreted individually. * B. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by b1. For a given Revenue. for each increase 1% in Turnover, the number of Jobs Added is estimated to increase by b2. 9' C. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b1 + b2. D. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by $b1 million and the Turnover percentage is estimated to increase by b2%. c. Interpret the meaning of the regression coefficient, bo. Select the correct choice below. A. The coefficient bo 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 bo represents the estimated number of total jobs added when there is a total worldwide revenue of $0. O C. The coefficient bo represents the estimated number of total jobs added when there is a voluntary turnover of 0%. O D. The coefficient bo represents the total worldwide revenue and a voluntary turnover. d. What conclusions can you reach concerning full-time jobs added? Select the correct choice below. A. The model uses the revenue to predict the number of full-time jobs added. The voluntary turnover only affects the efficiency ratio directly. O B. The model uses the voluntary turnover to predict the number of full-time jobs added. The revenue only affects the voluntary turnover directly. C. The model uses both the revenue and the voluntary turnover to predict the number of full-time jobs added. D. The model uses the revenue or the voluntary turnover to predict the number of full-time jobs added, but not both

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