Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to answer the question(s) below. Ford would like to develop a regression model that would predict the number of cars sold

image text in transcribed
image text in transcribed
Use the following information to answer the question(s) below. Ford would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the employee's number of years of sales experience (Exp), the employee's weekly base salary before commissions (Salary), and the education level of the employee. There are three levels of education in the sales force-high school degree, associate's degree, and bachelor's degree. The following dummy variables have been defined. Degree ED1 High School o Associate's o Bachelor's 1 ED2 0 1 o The following Excel output shows the partially completed regression output from a random sample of employees from the previous month. SUMMARY OUTPUT Regression Statistics Multiple R 0.9035 R Square Adjusted Square Standard Error 1.7353 Observations ANOVA i ne tollowing Excel output snows the partially completea regression output from a random sample of employees from the previous month. SUMMARY OUTPUT Regression Statistics Multiple R 0.9035 R Square Adjusted R Square Standard Error 1.7353 Observations ANOVA df 18 MS F Significance F 4.01128-07 Regression Residual Total 60.23 327.84 24 Stat Lower 95% Upper 95% Intercept Exp Salary ED1 ED2 Coefficients Standard Error 1.6448 1.6352 0.2393 0.1254 0.0127 0.0044 2.9845 1.3553 2.5638 1.0705 P-value 0.3265 0.0709 0.0097 0.0396 0.0265 Which group of independent variables is significant in this model using alpha=0.05? -- Select an Option -- A) Salary, ED1, ED2 B) Exp, ED1, ED2 C) Exp, Salary, ED1 D) Exp, Salary, ED1, ED2 Page 2 of 15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Mastering Accounting Skills

Authors: Margaret Nicholson

3rd Edition

1403992703, 978-1403992703

More Books

Students also viewed these Accounting questions