Using the Output Below, Calculate the Predicted Turnover Rate for a Company

question 6

Multiple Choice

Using the output below, calculate the predicted turnover rate for a company having a trust index score of 70 and an average annual bonus of $6500. Response Variable is Turnover Rate
$\mathrm { R }$ -squared $= 79.6$ \%

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\ \text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\ \text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000 \end{array}$

• A) \(3.5 \%\)
• B) \(4.2 \%\)
• C) \(1.9 \%\)
• D) \(2.4 \%\)
• E) None of the above.

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Definitions:

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group and is used to generate and prioritize ideas.

Illusions Of Invulnerability

Illusions Of Invulnerability describe a mistaken belief within a group that its decisions are incapable of error or harm, often leading to excessive risk-taking.

Groupthink

A mental effect experienced by a collective, where the pursuit of agreement or uniformity leads to choices that are illogical or not functional.

Critical Evaluator

A person skilled in assessing situations, policies, or work critically to identify improvements or establish value.