Interpret Multiple Regression Output $\text {Dependent Variable is Turnover Rate}$

question 2

Multiple Choice

Interpret multiple regression output.
-In determining the best companies to work for, a number of variables are considered,
Including size, average annual pay, and turnover rate, etc. Employee surveys are often
Conducted in order to assess aspects of the organization's culture, such as trust and
Openness to change. A sample of 33 companies was randomly selected and data
Collected on the average annual bonus and turnover rate (%) . A questionnaire was also
Administered to the employees of each company to arrive at a trust index (measured on a
Scale of 0 - 100) . Based on the output shown below, how much of the variability in
Turnover Rate is explained by the estimated multiple regression model? $\text {Dependent Variable is Turnover Rate}$
$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\ \text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\ \text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000 \end{array}$
$$S = 1.49746 \quad \mathrm { R } - \mathrm { Sq } = 79.68 \quad \mathrm { R } - \mathrm { Sq } ( \mathrm { adj } ) = 78.3\%$$

• A) 2.24%
• B) 79.6%
• C) 12.1%
• D) 95.4%
• E) None of the above.

Grasp the legal mechanisms available for companies to enforce their trademark rights and prevent dilution.

Understand the impact of environmental forces on an organization's marketing environment.

Identify and explain the role of self-regulation in the business industry.

Recognize the functions and limitations of regulatory bodies such as the Better Business Bureau and the Federal Trade Commission.

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Definitions:

Internal Consistency

A measure of the reliability of a psychological test or survey, reflecting the extent to which all items assess the same characteristic.

Face Validity

The extent to which a test or measurement appears effective in terms of its stated aims to those taking or observing it, on the surface level.

Construct Validity

The degree to which a test or instrument measures the theoretical construct it is intended to measure.

Correlate

To possess a reciprocal relationship or link, where one element influences or relies upon another.