According to the Following Regression Analysis, the Correlation Between Average $= - 4877 + 0.245$

question 59

Multiple Choice

According to the following regression analysis, the correlation between average annual cash bonus and average annual pay using α = 0.05 is Regression Analysis: Cash Bonus versus Pay
The regression equation is: Cash Bonus $= - 4877 + 0.245$ Pay
$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & T & \mathrm {~T} \\ \text { Constant } & - 4877 & 9106 & - 0.54 & 0.599 \\ \text { Pay } & 0.2453 & 0.1079 & 2.27 & 0.036 \end{array}$
$$\mathrm { S } = 13188.6 \quad \mathrm { R } - \mathrm { Sq } = 22.3 \%$$

• A) not significantly different from zero.
• B) negative but not significantly different from zero.
• C) positive and significantly different from zero.
• D) negative and significantly different from zero.
• E) Cannot be determined from the information given.

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Definitions:

Profit Margin

The amount by which revenue from sales exceeds costs in a business, expressed as a percentage.

Sales-Oriented

A business approach focused primarily on generating sales regardless of customer needs or the longer-term company interests.

Objective

A specific, measurable, attainable, relevant, and time-bound goal that an individual or organization aims to achieve.

Price Increases

Price increases refer to the action of raising the cost at which goods or services are sold, often in response to factors like inflation, increased production costs, or higher demand.