The Human Resource Manager at Gamma, Inc

question 50

Essay

The human resource manager at Gamma, Inc. wants to examine the relationship between annual salaries (Y), the number of years employees have worked at Gamma, Inc. ( ) and whether the employee is male or female ( ). They are also interested in whether the interaction between the two explanatory variables ( ) has a significant impact on salaries. These data have been collected for a sample of 28 employees and the regression output is shown below.
-(A) Use the information above to estimate the linear regression model.
(B) Write the regression equation in (A) as two separate equations; one for females and one for males, and interpret the results.
(C) Would any of the variables in the linear regression model in (A) be considered a dummy variable? Explain your answer.
(D) Identify and interpret the coefficient of determination ( ) for the model in (A).
(E) Identify and interpret the standard error of estimate (s_e) for the model in (A).

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Definitions:

Personal Consistency

Refers to the degree to which an individual exhibits stable behavior and attitudes over time.

Positive Feelings

Emotions that are pleasant and desirable, such as happiness, joy, or love, which contribute to positive mental health.

Work Setting Values

The principles and ethics that are prioritized and upheld within a workplace, influencing its culture and environment.

Economic Values

The principles or standards that guide how economic resources are allocated and used, reflecting what is considered important in an economic system.