A consulting group was hired by the Human Resources Department at General Mills, Inc. to survey company employees regarding their degree of satisfaction with their quality of life. A special index, called the index of satisfaction, was used to measure satisfaction. Six factors were studied, namely, age at the time of first marriage (x1), annual income (x2), number of children living (x3), value of al assets (x), status of health in the form of an index (xg), and the average number of social activities per week-such as bowling and dancing (xg). Suppose the multiple regression equation is: ŷ = 16.24 + 0.017x1 + 0.0028x2 + 42x3 + 0.0012x4 + 0.19x5 + 26.8x6 a. What is the estimated index of satisfaction for a person who first married at 18, has an annual income of $26,500, has three children living, has assets of $156,000, has an index of health status of 141, and has 2.5 social activities a week on the average? (Round your answer to 3 decimal places.) Estimated index b. Which would add more to satisfaction, an additional income of $10,000 a year or two more social activities a week? (Round your answers to 1 decimal place.) An income would add only to the index, whereas social activities would add
A consulting group was hired by the Human Resources Department at General Mills, Inc. to survey company employees regarding their degree of satisfaction with their quality of life. A special index, called the index of satisfaction, was used to measure satisfaction. Six factors were studied, namely, age at the time of first marriage (x1), annual income (x2), number of children living (x3), value of al assets (x), status of health in the form of an index (xg), and the average number of social activities per week-such as bowling and dancing (xg). Suppose the multiple regression equation is: ŷ = 16.24 + 0.017x1 + 0.0028x2 + 42x3 + 0.0012x4 + 0.19x5 + 26.8x6 a. What is the estimated index of satisfaction for a person who first married at 18, has an annual income of $26,500, has three children living, has assets of $156,000, has an index of health status of 141, and has 2.5 social activities a week on the average? (Round your answer to 3 decimal places.) Estimated index b. Which would add more to satisfaction, an additional income of $10,000 a year or two more social activities a week? (Round your answers to 1 decimal place.) An income would add only to the index, whereas social activities would add
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:ication.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flearn.wallacestate.edu%252Fwebapps%252Fblackbo...
pe O Maps
A consulting group was hired by the Human Resources Department at General Mills, Inc. to survey company employees regarding
their degree of satisfaction with their quality of life. A special index, called the index of satisfaction, was used to measure satisfaction.
Six factors were studied, namely, age at the time of first marriage (x1), annual income (xX2), number of children living (x3), value of al
assets (xa), status of health in the form of an index (xg), and the average number of social activities per week-such as bowling and
dancing (xg). Suppose the multiple regression equation is:
ŷ = 16.24 + 0.017x1 + 0.0028x2 + 42x3 + 0.0012x4 + 0.19x5 + 26.8x6
a. What is the estimated index of satisfaction for a person who first married at 18, has an annual income of $26,500, has three children
living, has assets of $156,000, has an index of health status of 141, and has 2.5 social activities a week on the average? (Round your
answer to 3 decimal places.)
Estimated index
b. Which would add more to satisfaction, an additional income of $10,000 a year or two more social activities a week? (Round your
answers to 1 decimal place.)
An income would add only
to the index, whereas social activities would add
< Prev
3 of 10
Next >
Expert Solution
Step 1
The given regression equation is,
Where x1 is age at the time of marriage, x2 is annual income, x3 is number of children living, x4 is value of all assets, x5 is status of health in the form of an index and x6 is the average number of social activities per week.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman