The round off value of numbers 2,594, 2,478, 1863 and then add these rounds off numbers to find rounded estimate value.

Question

Consider the ceocomp dataset of compensation information for the CEO’s of 100 U.S. companies. We wish to fit aregression model to assess the relationship between CEO compensation in thousands of dollars (includes salary andbonus, but not stock gains) and the following variates:AGE: The CEOs age, in yearsEDUCATN: The CEO’s education level (1 = no college degree; 2 = college/undergrad. degree; 3 = grad. degree)BACKGRD: Background type(1= banking/financial; 2 = sales/marketing; 3 = technical; 4 = legal; 5 = other)TENURE: Number of years employed by the firmEXPER: Number of years as the firm CEOSALES: Sales revenues, in millions of dollarsVAL: Market value of the CEO's stock, in natural logarithm unitsPCNTOWN: Percentage of firm's market value owned by the CEOPROF: Profits of the firm, before taxes, in millions of dollars1) Create a scatterplot matrix for this dataset. Briefly comment on the observed relationships between compensationand the other variates.Note that companies with negative…

Answer 1

Question

Chapter 1.II, Problem 11RE

(a)

To determine

To calculate: The round off value of numbers 2,594, 2,478, 1863 and then add these rounds off numbers to find rounded estimate value.

(b)

To determine

To calculate: The exact amount of numbers 2,594, 2,478, 1863.

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