Interpret Output from Automatic Multiple Regression Model Building Procedures $0.15$ Alpha-To-Remove $0.15$

question 7

Multiple Choice

Interpret output from automatic multiple regression model building procedures.
-A sample of 22 firms was selected from the high tech industry (Industry = 1) and the
Financial services sector (Industry = 0) . Data were collected on the following variables:
Turnover rate, job growth, number of employees, and innovative index (higher scores
Indicate a more innovative and creative organizational culture) . Below are the stepwise
Regression results considering all predictor variables to explain Turnover Rate. The
Resulting multiple regression model is
Stepwise Regression: Turnover Rat versus Innovative I, Job Growth, ... Alpha-to-Enter: $0.15$ Alpha-to-Remove: $0.15$

Response is Turnover Rate on 4 predictors, with $\mathrm { N } = 22$

$\begin{array} { l r r r } \text { Step } & 1 & 2 & 3 \\ \text { Constant } & 8.603 & 8.838 & 9.841 \\ & & & \\ \text { Job Growth } & - 0.868 & - 0.574 & - 0.500 \\ \text { T-Value } & - 8.40 & - 8.58 & - 6.82 \\ \text { P-Value } & 0.000 & 0.000 & 0.000\\\\\text { Industry } && - 3.14 & - 2.70 \\ \text { T-Value } && - 7.41 & - 5.89 \\ \text { P-Value } && 0.000 & 0.000\\\\ \text { Innovative Index } &&& - 0.028 \\ \text { T-Value } & &&- 1.91 \\ \text { P-Value } &&& 0.072 \\\\ \text { S } & 1.53 & 0.796 & 0.745 \\ \mathrm { R } - \mathrm { Sq } & 77.91 & 94.32 & 95.28 \\ \mathrm { R } - \mathrm { Sq } \text { (adj) } & 76.81 & 93.73 & 94.50 \\ \text { Mallows Cp } & 67.5 & 6.0 & 4.3 \end{array}$

• A) Turnover Rate = 9.841 - 6.82 Job Growth - 5.89 Industry - 1.91 Innovative Index
• B) Turnover Rate = 8.838 - 0.574 Job Growth - 3.14 Industry
• C) Turnover Rate = 9.841 - 0.500 Job Growth - 2.70 Industry - 0.028 Innovative Index
• D) Turnover Rate = 8.838 - 8.58 Job Growth - 7.41 Industry
• E) None of the above.

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Definitions:

Beliefs

Convictions or acceptance that certain things are true or real, often without empirical evidence.

Organizational Structure

Describes the way in which a company or organization is organized, including the distribution of roles, responsibilities, and communication pathways.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature in the workplace or other settings.

Sexual Favors

Acts performed by one person in exchange for some form of benefit from another, often used in contexts implying unethical or exploitative situations.