A survey conducted by a research team was to investigate how the education level, tenure in current employment, and age, are related to annual income. A sample 20 employees is selected and the data is given below.
a. Determine the estimated multiple linear regression equation that can be used to predict the annual income given number of years school completed (Education), length of tenure in current employment, and age.
b. Use the F test to determine the overall significance of the regression relationship. What is the conclusion at the 0.05 level of significance?
Definitions:
Organizational Trust
The belief in the reliability, truth, ability, or strength of an organization, fostering a positive working environment.
Hierarchy of Needs
A theory in psychology proposed by Abraham Maslow, categorized in a five-level model of human needs, from basic physiological needs to self-actualization.
Abraham Maslow
An American psychologist best known for proposing Maslow's hierarchy of needs, emphasizing a theory of human motivation based on a hierarchy of needs.
Total Person
A holistic concept referring to the multi-dimensional nature of individuals, encompassing physical, psychological, social, and spiritual aspects.
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