The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically, the manager is interest in the impact of total worldwide revenues and full-time voluntary tumover on the number of full-time jobs added in a year. Data were collected from a sample of 20 "best companies to work for." The data includes the total number of full-time jobs added in the past year, total worldwide revenue (in Smillions), and the full-time voluntary turnover (%). Use the accompanying data to complete parts (a) through (d) below. A Click the icon to view the data table. YOU WILL HAVE TO RUN SPSS OR STATCRUNCH TO OBTAIN THE NECESSARY DATA TO ANSWER THE QUESTIONS BELOWI a. State the multiple regression equation. Let X, represent the Total Worldwide Revenues (Smillions) and let X2 represent the FT Voluntary Turnover (%). (Round the constant and Xay-coefficient to the nearest integer as needed. Round the X-coefficient to four decimal places as needed.) b. Interpret the meanings of the slopes b, and b, in this problem. Choose the correct answer below. O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, +b. OB. For a given Turnover, for each increase of $1 milion in Revenue, the Jobs Added is estimated to increase by b. For a given Revenue, for each increase 1% in Tumover, the number of Jobs Added is estimated to increase by bz. OC. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by $b; million and the Turnover percentage is estimated to increase by bz%. OD. The slopes b, and bz cannot be interpreted individually. c. Interpret the meaning of the regression coefficient, bg. Select the correct choice below. OA. The coefficient b, represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. O B. The coefficient b, represents the total worldwide revenue and a voluntary turnover. OC. The coeficient b, represents the estimated number of total jobs added when there is a total worldwide revenue of $0. OD. The coefficient b, represents the estimated number of total jobs added when there is a voluntary turnover of 0%. d. What conclusions can you reach concerning full-time jobs added? Select the correct choice below. O A. The model uses the revenue to predict the number of full-time jobs added. The voluntary turnover only affects the efficiency ratio directly. O B. The model uses the voluntary turnover to predict the number of full-time jobs added. The revenue only affects the voluntary turnover directly. Oc. The model uses both the revenue and the voluntary turnover to predict the number of full-time jobs added. OD. The model uses the revenue or the voluntary tumover to predict the number of full-time jobs added, but not both.

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The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically, the manager is interest in the impact of total worldwide revenues and full-time voluntary turnover on the number of full-time jobs added in a year. Data were collected from a sample of 20 "best
companies to work for." The data includes the total number of full-time jobs added in the past year, total worldwide revenue (in $millions), and the full-time voluntary turnover (%). Use the accompanying data to complete parts (a) through (d) below.
E Click the icon to view the data table.
YOU WILL HAVE TO RUN SPSS OR STATCRUNCH TO OBTAIN THE NECESSARY DATA TO ANSWER THE QUESTIONS BELOW!
a. State the multiple regression equation.
Let X, represent the Total Worldwide Revenues (Smillions) and let X, represent the FT Voluntary Turnover (%).
(Round the constant and X2-coefficient to the nearest integer as needed. Round the X4-coefficient to four decimal places as needed.)
b. Interpret the meanings of the slopes b, and b, in this problem. Choose the correct answer below.
O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, + b2.
O B. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by b,. For a given Revenue, for each increase 1% in Turnover, the number of Jobs Added is estimated to increase by b,.
O c. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by $b, million and the Turnover percentage is estimated to increase by b2 %.
O D. The slopes b, and b2 cannot be interpreted individually.
c. Interpret the meaning of the regression coefficient, bo- Select the correct choice below.
O A. The coefficient b, represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%.
O B. The coefficient b, represents the total worldwide revenue and a voluntary turnover.
O C. The coefficient b, represents the estimated number of total jobs added when there is a total worldwide revenue of $0.
O D. The coefficient b, represents the estimated number of total jobs added when there is a voluntary turnover of 0%.
d. What conclusions can you reach concerning full-time jobs added? Select the correct choice below.
O A. The model uses the revenue to predict the number of full-time jobs added. The voluntary turnover only affects the efficiency ratio directly.
O B. The model uses the voluntary turnover to predict the number of full-time jobs added. The revenue only affects the voluntary turnover directly.
O c. The model uses both the revenue and the voluntary turnover to predict the number of full-time jobs added.
O D. The model uses the revenue or the voluntary turnover to predict the number of full-time jobs added, but not both.
Transcribed Image Text:The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically, the manager is interest in the impact of total worldwide revenues and full-time voluntary turnover on the number of full-time jobs added in a year. Data were collected from a sample of 20 "best companies to work for." The data includes the total number of full-time jobs added in the past year, total worldwide revenue (in $millions), and the full-time voluntary turnover (%). Use the accompanying data to complete parts (a) through (d) below. E Click the icon to view the data table. YOU WILL HAVE TO RUN SPSS OR STATCRUNCH TO OBTAIN THE NECESSARY DATA TO ANSWER THE QUESTIONS BELOW! a. State the multiple regression equation. Let X, represent the Total Worldwide Revenues (Smillions) and let X, represent the FT Voluntary Turnover (%). (Round the constant and X2-coefficient to the nearest integer as needed. Round the X4-coefficient to four decimal places as needed.) b. Interpret the meanings of the slopes b, and b, in this problem. Choose the correct answer below. O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, + b2. O B. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by b,. For a given Revenue, for each increase 1% in Turnover, the number of Jobs Added is estimated to increase by b,. O c. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by $b, million and the Turnover percentage is estimated to increase by b2 %. O D. The slopes b, and b2 cannot be interpreted individually. c. Interpret the meaning of the regression coefficient, bo- Select the correct choice below. O A. The coefficient b, represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. O B. The coefficient b, represents the total worldwide revenue and a voluntary turnover. O C. The coefficient b, represents the estimated number of total jobs added when there is a total worldwide revenue of $0. O D. The coefficient b, represents the estimated number of total jobs added when there is a voluntary turnover of 0%. d. What conclusions can you reach concerning full-time jobs added? Select the correct choice below. O A. The model uses the revenue to predict the number of full-time jobs added. The voluntary turnover only affects the efficiency ratio directly. O B. The model uses the voluntary turnover to predict the number of full-time jobs added. The revenue only affects the voluntary turnover directly. O c. The model uses both the revenue and the voluntary turnover to predict the number of full-time jobs added. O D. The model uses the revenue or the voluntary turnover to predict the number of full-time jobs added, but not both.
i Data of Best Companies to Work For
Total Worldwide FT Voluntary
Turnover
(%)
2.000
6.996
11.549
9.030
11.451
4.677
15.677
12.064
10.535
8.870
10.076
7.531
2.806
0.388
5.032
3.320
8.335
11.673
11.827
4.504
Total FT
Jobs Added
Revenues
(Smillions)
2,029.893
1,309.239
11,814.000
8,657.000
6,368.000
11,682.636
871.800
746.000
706.757
12,151.797
396.196
4,404.000
3,024.095
53,300.000
11,220.000
17,800.000
2,331.041
24,400.000
380.941
8,843.900
94
569
6,163
373
110
- 72
223
95
486
124
343
75
1,465
- 224
- 612
716
2,402
- 16
415
Print
Done
he volunlary Turnover GireGIy
Transcribed Image Text:i Data of Best Companies to Work For Total Worldwide FT Voluntary Turnover (%) 2.000 6.996 11.549 9.030 11.451 4.677 15.677 12.064 10.535 8.870 10.076 7.531 2.806 0.388 5.032 3.320 8.335 11.673 11.827 4.504 Total FT Jobs Added Revenues (Smillions) 2,029.893 1,309.239 11,814.000 8,657.000 6,368.000 11,682.636 871.800 746.000 706.757 12,151.797 396.196 4,404.000 3,024.095 53,300.000 11,220.000 17,800.000 2,331.041 24,400.000 380.941 8,843.900 94 569 6,163 373 110 - 72 223 95 486 124 343 75 1,465 - 224 - 612 716 2,402 - 16 415 Print Done he volunlary Turnover GireGIy
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