A Regression and Correlation Analysis Resulted in the Following Information

question 116

Multiple Choice

A regression and correlation analysis resulted in the following information regarding a dependent variable (y) and an independent variable (x) . $$\begin{array} { l l } \Sigma x = 90 & \sum \left( y - \frac { y } { ) } \right) ( x - x ) = 466 \\\Sigma y = 170 & \Sigma ( x - ) ^ { 2 } = 234 \\n = 10 & \Sigma \left( y - y ^ { 2 } = 1434 \right. \\\mathrm { SSE } = 505.98 &\end{array}$$ The least squares estimate of the slope or b₁ equals

• A) .923.
• B) 1.991.
• C) -1.991.
• D) -.923.

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Definitions:

FUTA

FUTA (Federal Unemployment Tax Act) is a United States federal law that imposes a payroll tax on any business with employees, the funds are used to pay unemployment benefits.

SUTA

State Unemployment Tax Act, referring to state-level taxes that employers must pay towards state unemployment insurance programs.

Overtime Rate

The rate of pay for work performed beyond the normal working hours, typically higher than the regular pay rate.

Total Wages

The sum of all compensation, including salaries and wages, paid to employees over a specified period.