A Multiple Regression Model Was Fit to Predict Size of Company

question 7

Multiple Choice

A multiple regression model was fit to predict size of company bonuses from number of employees and unionized employees (1 = yes, 0 = no) .The resulting model was:
Based on this model, what is the annual average bonus for a company with 5000 employees that are unionized?

• A)$3195
• B)$8176.80
• C)$5253
• D)$7980.25
• E)$10,259.20

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Definitions:

Private Practice

A business, particularly in professions such as law, medicine, or psychology, operated by one or more individuals outside of a hospital or institutional setting.

Confidential Information

Sensitive data that is protected from unauthorized access to safeguard privacy or secrecy.

Boundaries

Limits or borders that define the space within which actions occur or the extent of acceptable behavior.

Competence

Refers to the ability of an individual or organization to effectively perform or carry out a specific task or role.