A Human Resources Consultant Is Developing a Regression Model to Predict

question 74

Multiple Choice

A human resources consultant is developing a regression model to predict electricity production plant manager compensation as a function of production capacity of the plant, number of employees at the plant, and plant technology (coal, oil, and nuclear) .The response variable in this model is ___.

• A)plant manager compensation
• B)plant capacity
• C)number of employees
• D)plant technology
• E)nuclear

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Definitions:

Required Return

The lowest percentage of return per annum that draws in companies or individuals to invest in a particular security or project.

IRR

Internal rate of return; a financial metric used to assess the profitability of investments by calculating the rate of return where net present value of all cash flows (both positive and negative) from a project equals zero.

Project

A temporary endeavor undertaken to create a unique product, service, or result.

Payback Criterion

A capital budgeting method that measures the time required to recoup the initial investment in a project.