Business, 28.05.2021 14:50 alishastevens16
Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow:
a. Write out the multiple regression equation.
b. What proportion of the total variation in salary is accounted for by the set of independent variables?
c. Test the hypothesis that the regression coefficient for age is equal to 0 at the 0.05 significance level. Report the degrees of freedom, the critical value, the test-statistic, and your decision.
Answers: 3
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