Twenty-one executives in a large corporation were randomly selected for a study to determine the effect of several factors on annual salary (expressed in $000's).The factors selected were age,seniority,years of college,number of company divisions they had been exposed to and the level of their responsibility.A regression analysis was performed using a popular spreadsheet program with the following regression output:
Write out the multiple regression equation._______________________
Definitions:
Preoperational
The second stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking, egocentrism, and difficulty understanding conservation.
Concrete Operational
A stage of cognitive development in Piaget's theory, occurring roughly between the ages of 7 and 11, during which children gain a better understanding of mental operations and can think logically about concrete events.
Formal Operational
The stage in Piaget's theory of cognitive development during which people begin to think logically about abstract concepts and hypothetical situations.
Egocentrism
The inability to differentiate between self and others, often leading to viewing things exclusively from one's own perspective.
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