What Is the Estimated Index of Satisfaction for a Person

question 44

Multiple Choice

What is the estimated index of satisfaction for a person who first married at 25, has an annual income of $100,000, has two children, has assets of $500,000, has in index of health status of 141, and has 2 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) 777.7
• B) 796.6
• C) 588.6
• D) 601.6
• E) 769.8

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Foreign Exchange Market

A global marketplace for trading national currencies against one another.

Economic Growth

Refers to the increase in the production of economic goods and services, compared from one period of time to another.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money leaving the country than coming in.