A Sample of 33 Companies Was Randomly Selected and Data

question 25

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) . According to the output is shown below, what is the estimated multiple regression Model?
Dependent Variable is Turnover Rate
$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\\text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\\text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\\text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000\end{array}$

• A) Turnover Rate \(= 0.01966 \text { Trust Index } + 0.0001481\) Average Bonus
• B) Turnover Rate \(= 0.7826 + 0.01966 \text { Trust Index } + 0.0001481\) Average Bonus
• C) Turnover Rate \(= 12.1005 - 0.07149 \text { Trust Index } - 0.0007216\) Average Bonus
• D) Turnover Rate \(= 12.1005 + 0.07149 \text { Trust Index } + 0.0007216\) Average Bonus
• E) Turnover Rate \(= 15.46 - 3.64 \text { Trust Index } - 4.87\) Average Bonus

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Definitions:

Expected Value

A statistical concept representing the average outcome one would expect to see from a probability distribution over many trials.

Exponential Distribution

A model used in statistics for describing the times between events in a process where events occur continuously and independently at a constant rate.

Proportion

A fraction or percentage that indicates the part of a whole represented by a certain count or quantity.

Student T Distribution

A probability distribution used in statistical inference for datasets with small sample sizes and unknown population standard deviations.