Twenty-One Executives in a Large Corporation Were Randomly Selected for a Study

question 65

Short Answer

Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output:

-Which of the following has the most influence on salary--20 years of seniority, 5 years of college or attaining 55 years of age?____________

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Definitions:

Assessment Technique

Methods or tools used to evaluate, measure, and understand individual or group behaviors, skills, attitudes, and abilities.

Older People

Individuals in a society who are of an advanced age, often considered to be those who are retired or beyond the typical working age.

Vital Participation

Active and meaningful engagement in life activities that are crucial for one’s well-being and satisfaction.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans, highlighting eight stages that extend from infancy to adulthood.