Twenty-one executives in a large corporation were randomly selected for a study to determine the effect of several factors on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output: 
Definitions:
Chapter 7
A provision under the U.S. Bankruptcy Code allowing for liquidation of a debtor's assets to pay off creditors.
Discharge
A written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debt; that is, a release from liability.
Federal Court Order
A legally binding directive issued by a federal court, requiring certain actions to be taken or ceased.
Bankruptcy Judge
A specialized judge who presides over bankruptcy cases, making decisions regarding the legal and financial affairs of individuals or businesses declaring bankruptcy.
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