TABLE 14-2 A Professor of Industrial Relations Believes That an Individual's Wage

question 87

Multiple Choice

TABLE 14-2
A professor of industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X₁) and the number of economics courses the employee successfully completed in college (X₂) .The professor randomly selects 6 workers and collects the following information:
-Referring to Table 14-2,for these data,what is the value for the regression constant,b₀?

• A)0.616
• B)1.054
• C)6.932
• D)9.103

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Definitions:

New Product

An item or service that has been recently developed or introduced to the market.

Organizing

Process of blending human and material resources through a formal structure of tasks and authority; arranging work, dividing tasks among employees, and coordinating them to ensure implementation of plans and accomplishment of objectives.

Anticipate Future

The act of predicting or expecting upcoming events or trends, allowing individuals or organizations to prepare or adjust accordingly.

Costly Mistakes

Costly Mistakes are errors or poor decisions that result in significant financial loss or damage.