Question 8 Correlation: Your manager feels employee holidays has a strong correlation with employee retention. Answer the questions below using table8. Table 8 Regression Statistics Multiple R R Square Adjusted R Square 0.7029 0.4941 0.3254 Standard Error 9.5848 Observations 25 Standard Error Coefficients t Stat P-value Intercept 49.4549 29.7218 4.422514 0.194715 Holiday 0.5137 0.3001 51.64959 0.001854 v What is the equation using table 8? A. the correlation is strong and positive v What does the coefficient of determination tell us in table 8 B. y = 0.5137 + 49.4549 (intercept) v Using table 8, the coefficient of correlation tells us C. 0.7029 of the change is explained by the x variable v If x is 40, what would the equation show for y (using table 8) D. 70.0 E. 1978.71 F. y = 49.4549 + 0.5137(retention) G, the correlation is moderate and positive H. the correlation is negative
Question 8 Correlation: Your manager feels employee holidays has a strong correlation with employee retention. Answer the questions below using table8. Table 8 Regression Statistics Multiple R R Square Adjusted R Square 0.7029 0.4941 0.3254 Standard Error 9.5848 Observations 25 Standard Error Coefficients t Stat P-value Intercept 49.4549 29.7218 4.422514 0.194715 Holiday 0.5137 0.3001 51.64959 0.001854 v What is the equation using table 8? A. the correlation is strong and positive v What does the coefficient of determination tell us in table 8 B. y = 0.5137 + 49.4549 (intercept) v Using table 8, the coefficient of correlation tells us C. 0.7029 of the change is explained by the x variable v If x is 40, what would the equation show for y (using table 8) D. 70.0 E. 1978.71 F. y = 49.4549 + 0.5137(retention) G, the correlation is moderate and positive H. the correlation is negative
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Question

Transcribed Image Text:Question 8
Correlation: Your manager feels employee holidays has a strong correlation with employee retention. Answer the questions below using table8.
Table 8
Regression Statistics
Multiple R
0.7029
R Square
Adjusted R
Square
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
Holiday
0.5137
0.3001
51.64959
0.001854
v What is the equation using table 8?
A. the correlation is strong and positive
What does the coefficient of determination tell us in table 8
B. y = 0.5137 + 49.4549 (intercept)
v Using table 8, the coefficient of correlation tells us
C. 0.7029 of the change is explained by the x variable
v
If x is 40, what would the equation show for y (using table 8)
D. 70.0
E. 1978.71
F. y = 49.4549 + 0.5137(retention)
G. the correlation is moderate and positive
H. the correlation is negative

Transcribed Image Text:A. the correlation is strong and positive
B. y = 0.5137 + 49.4549 (intercept)
C. 0.7029 of the change is explained by the x variable
D. 70.0
E. 1978.71
F. y = 49.4549 + 0.5137(retention)
G. the correlation is moderate and positive
H. the correlation is negative
1. Not enough data to calculate the answer
J. y = 49.4549 + 0.5137(holiday)
K. that 49.4549 is the determination of the intercept
L. y = 0.7029 + 49.4549(correlation)
M.0.4941 of the change in the y variable is explained by the x variable
N. If x is 40, then y is the slope multiplied by the coefficient of x
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