The Following Correlations Were Computed as Part of a Multiple

question 28

Multiple Choice

The following correlations were computed as part of a multiple regression analysis that used education, job, and age to predict income.
Which independent variable has the strongest association with the dependent variable?

• A) Income
• B) Age
• C) Education
• D) Job
• E) None of these statements are correct

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Definitions:

Net Income

The amount of money a company has left as profit after paying off all expenses and taxes from its gross income.

Dividends

are payments made by a corporation to its shareholders, typically from profits earned.

Tax Rate

The percentage of income that is paid to the government as tax.