Assignment 3 Managing Compensation - LopezB

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American Military University *

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295 FO 295

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Management

Date

Apr 3, 2024

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docx

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3

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Answer Sheet Format for Assignment #3 (Simple Linear Regression) – MGMT 4303 1. Your name Your answer: Benjamin G. Lopez 2. Do you confirm that your writing in this submission is original and has not violated any policies under section ‘4. Instructor Policies’ (i.e., plagiarism, teamwork/cheating, “just” paraphrasing, and the use of AI-generated content) in our syllabus? (Your submission will not be graded if you do not answer “yes” to this question.) Your answer: Yes 3. Q1-1: What is the estimated simple linear regression equation? (3 points) Your answer: Happiness level = 0.18(sleep hours) + 2.28 4. Q1-2: What is the p-value of the slope in the simple linear regression equation? (3 points) Your answer: P value = 0.002 5. Q1-3: Explain the relationship between sleep hours and overall happiness level . (3 points) Your answer: Positive correlation, the happiness level is expected to increase by 0.18 points as sleep increases by 1 hour. 6. Q1-4: According to the simple linear regression equation in 1-1, what is the estimated level of overall happiness for a person who sleeps 10 hours per day on average? (3 points) Your answer: 4.08 happiness level 7. Q2-1: What is the estimated simple linear regression equation? (4 points) Your answer: Job Satisfaction = 0.24(job security perception) + 2.62 8. Q2-2: What is the p-value of the slope in the simple linear regression equation? (4 points) Your answer: P value = 0.021 9. Q2-3: Explain the relationship between job security perception level and job satisfaction level . (4 points) Your answer: Positive correlation, the job satisfaction is expected to increase by 0.24 as the job security perception increases by 1 point. 10. Q3-1: What is the estimated simple linear regression equation? (4 points) Your answer: Job satisfaction = -0.04(female) + 2.97 11. Q3-2: What is the p-value of the slope in the simple linear regression equation? (4 points) Your answer: P value = 0.862 12. Q3-3: Explain the relationship between gender and job satisfaction level . Is there a gender difference in job satisfaction? (4 points) Your answer: The p-value is larger than 0.05, therefore we can expect there is no relation between job satisfaction and gender.
Answer Sheet Format for Assignment #3 (Simple Linear Regression) – MGMT 4303
Answer Sheet Format for Assignment #3 (Simple Linear Regression) – MGMT 4303 13. Q4-1: What is the estimated simple linear regression equation? (4 points) Your answer: Avg # of cars sold per month = 0.08(job satisfaction) + 2.41 14. Q4-2: What is the p-value of the slope in the simple linear regression equation? (4 points) Your answer: P value = 0.025 15. Q4-3: Explain the relationship between # of cars sold and job satisfaction level . (4 points) Your answer: Positive correlation, the avg. # of cars sold per month is expected to increase by 0.08 as the job satisfaction increases by point. 16. Q5-1: What is the estimated simple linear regression equation? (4 points) Your answer: Annual Pay = 11099.48(female) + 47382.23 17. Q5-2: What is the p-value of the slope in the simple linear regression equation? (4 points) Your answer: P value = 0.014 18. Q5-3: Explain the relationship between gender and annual pay . Is there a gender pay gap in Wonderland? If there is a gender pay gap, what is the estimated gap amount, and who (male or female workers) earns more? (4 points) Your answer: We can expect males annual pay is 47382.23 and female annual pay is 58,481.71.
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