A Sample of 33 Companies Was Randomly Selected and Data $\text{Response Variable is Turnover Rate}$

question 15

Multiple Choice

A sample of 33 companies was randomly selected and data collected on the average annual Bonus, turnover rate (%) , and trust index (measured on a scale of 0 - 100) .Using the output Below, and a significance level of ? = .01, we can conclude that

$\text{Response Variable is Turnover Rate}$

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\ \text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\ \text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000 \end{array}$
$$S = 1.49746 \quad R - S q = 79.6 \% \quad R - S q ( a d j ) = 78.3 \%$$

$\text{Analysis of Variance}$

$\begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\ \text { Regression } & 2 & 262.73 & 131.36 \\ \text { Residual Error } & 30 & 67.27 & 2.24 \\ \text { Total } & 32 & 330.00 & \end{array}$

• A)The multiple regression model is significant overall.
• B)Trust Index is a significant independent variable in explaining turnover rate.
• C)Average Annual Bonus is a significant independent variable in explaining turnover rate.
• D)The predictor Constant is a significant independent variable in explaining turnover rate.
• E)All of these.

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Definitions:

Projected Revenue

An estimated amount of money that an organization, project, or product is expected to generate over a specific period in the future.

Total Suites

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Price/Demand Elasticity

Price/Demand Elasticity measures the responsiveness of the demand for a good or service to changes in its price, indicating how quantity demanded is affected by price alterations.

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