B. 0.4941 of the change in variable Explain the coefficient of determinationin table 7 Using table 7, the coefficient of correlation tells us

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Correlation: Your manager feels employee pay has a strong correlation with employee retention. Answer the questions below using
table7.
Table 7
Regression Statistics
Multiple R
R Square
Adjusted R
Square
0.7029
0.4941
0.3254
Standard Error
9.5848
Observations
25
Standard
Coefficients
Error
t Stat
P-value
Intercept
49.4549
29.7218
4.422514
0.194715
Pay
0.5137
0.3001
51.64959
0.001854
Transcribed Image Text:Correlation: Your manager feels employee pay has a strong correlation with employee retention. Answer the questions below using table7. Table 7 Regression Statistics Multiple R R Square Adjusted R Square 0.7029 0.4941 0.3254 Standard Error 9.5848 Observations 25 Standard Coefficients Error t Stat P-value Intercept 49.4549 29.7218 4.422514 0.194715 Pay 0.5137 0.3001 51.64959 0.001854
A that 49.4549 is the determination of the intercept
v What is the equation using table 77
v Explain the coefficient of determinationin table 7
v Using table 7, the coefficient of correlation tells us
v Ifx is 37, what would the equation show for y (using table
7)
B. 0.4941 of the change in the y variable is explained by thex
variable
cy 0.7029 + 49.4549(correlation)
D. 68.46
E. the correlation is negative
Fy=49.4549 + 0.5137(retention)
G. the correlation is moderate and positive
HIfx is 37, then y is the slope multiplied by the coefficient ofx
Not enough data to calculate the answer
the correlation is strong and positive
K. 1830.35
Ly 49.4549 0.5137(pay)
M.y 0.5137 + 49.4549 (intercept)
N. 0.7029 of the change is explained by the x variable
Transcribed Image Text:A that 49.4549 is the determination of the intercept v What is the equation using table 77 v Explain the coefficient of determinationin table 7 v Using table 7, the coefficient of correlation tells us v Ifx is 37, what would the equation show for y (using table 7) B. 0.4941 of the change in the y variable is explained by thex variable cy 0.7029 + 49.4549(correlation) D. 68.46 E. the correlation is negative Fy=49.4549 + 0.5137(retention) G. the correlation is moderate and positive HIfx is 37, then y is the slope multiplied by the coefficient ofx Not enough data to calculate the answer the correlation is strong and positive K. 1830.35 Ly 49.4549 0.5137(pay) M.y 0.5137 + 49.4549 (intercept) N. 0.7029 of the change is explained by the x variable
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