What Is the Estimated Index of Satisfaction for a Person

question 32

Multiple Choice

What is the estimated index of satisfaction for a person who first married at 25, has an annual income of $26,500, has two children, has assets of $156,000, has in index of health status of 141, and has 2.5 social activities per week?
A sample of General Mills employees was studied to determine their degree of satisfaction with their present life. A special index, called the index of satisfaction, was used to measure satisfaction. Six factors were studied: age at the time of first marriage (X1) , annual income (X2) , number of children living (X3) , value of all assets (X4) , status of health in the form of an index (X5) , and the average number of social activities per week (X6) . Suppose the multiple regression equation is:
Y' = 16.24 + 0.017X1 + 0.00028X2 + 42X3 + 0.0012X4 + 0.19X5 + 26.8X6

• A) 368.3
• B) 421.6
• C) 366.0
• D) 601.6
• E) 769.8

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Definitions:

Labour Relations Boards

Regulatory boards or agencies designated to adjudicate disputes between employers and employees or unions, often overseeing collective bargaining processes.

Bargaining Agent

An entity, often a union, authorized to negotiate employment terms on behalf of a group of employees.

Conciliation

Use of a government-appointed third party to explore solutions to a labour—management dispute.

Disciplinary Procedures

Formal processes followed by organizations to address employee behaviors that violate policies or standards, aiming at fairness and consistency.