Chapter 14, Problem 6PS

Human resource managers face the business problem of assessing the impact of factors on full-time job growth. A human resource manager is interested in the impact of full-time voluntary turnover and total worldwide revenues on the number of full-time Job opening at the beginning of a new year. Data are collected from a sample of 63 “best companies to work for “The total number of full-time job opening as February 2017, the full-time voluntary turnover in the past year in $(\text{in}\%)$ , and the total worldwide revenue $\text{(in}\text{\$billions)}$ are recorded and stored and stored in BestCompanies.

a. State the multiple regression equation.

b. Interpret the meaning of the slopes, $b_1$ and $b_2,$ in this problem.

c. Interpret the meaning of the regression coefficient, $b_0.$

d. Which factor has the greatest effect on the number of full-time jobs added in last year? Explain.