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:

Directors

Individuals elected by shareholders to oversee the management and govern the affairs of an organization, making strategic decisions and ensuring legal compliance.

Decision

The act or process of making choices or judgements based on available data, reasoning, and preferences.

Retained Earnings

The amount of net income left over for the business after it has paid out dividends to its shareholders.

Equity Component

A part of a compound financial instrument that represents a right to equity shares of the issuer, separate from other elements such as a debt component.