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A Sample of General Mills Employees Was Studied to Determine

question 71

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A sample of General Mills employees was studied to determine their degree of satisfaction with
Their present life. A special index, called the index of satisfaction, was used to measure satisfaction.
Six factors were studied: age at the time of first marriage (X1) , annual income (X2) , number of
Children living (X3) , value of all assets (X4) , status of health in the form of an index (X5) , and the
Average number of social activities per week (X6) . Suppose the multiple regression equation is:
Y' = 16.24 + 0.017X1 + 0.00028X2 + 42X3 + 0.0012X4 + 0.09X5 + 26.8X6.
Explain the meaning of b6.


Definitions:

Total Revenue

The entire amount of income generated by the sale of goods, services, or other financial assets before any deductions are made.

Culture of Poverty

A concept in social theory that suggests that poverty is not a result of individual inadequacies but is instead the outcome of a larger social and cultural atmosphere that perpetuates and sustains poverty.

Immediate Gratification

The desire to experience pleasure or fulfillment without delay or deferment.

Permissive

A term often describing an attitude, behavior, or policy that allows or tolerates actions that were formerly disapproved of or restricted.

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