SCENARIO 13-2
a Professor of Industrial Relations Believes That an Individual's

question 246

Multiple Choice

SCENARIO 13-2
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: $$\begin{array} { c c r r } \text { Employee } & Y ( \$ ) & \underline { X } _ { 1 } & X _ { 2 } \\1 & 10 & 3 & 0 \\2 & 12 & 1 & 5 \\3 & 15 & 8 & 1 \\4 & 17 & 5 & 8 \\5 & 20 & 7 & 12 \\6 & 25 & 10 & 9\end{array}$$
-Referring to SCENARIO 13-2, for these data, what is the estimated coefficient for performance rating, b1?

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

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.

Rating Errors

Mistakes or biases that occur when evaluating the performance or abilities of individuals, which can affect the accuracy and fairness of assessments.

Performance Feedback

The process of providing employees with information and assessments regarding their job performance and areas for improvement.

Self-Assessment

The use of information by employees to determine their career interests, values, aptitudes, and behavioral tendencies.