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A company has undertaken a study of 16 secretaries' yearly salaries (in thousands of dollars) .They want to predict salaries from several other variables.
The variables considered to be potential predictors of salary are:
X1 = months of service
X2 = years of education
X3 = score on standardized test
X4 = words per minute of typing speed
X5 = ability to take dictation in words per minute
A multiple regression model with all five variables was run,resulting in the following output:
= 0.958
-Which measurement is the best predictor of salary,after allowing for the linear effects of the other variables in the model?
CPM
Critical Path Method; a project management technique that identifies the sequence of crucial and interdependent steps that comprise the project from start to finish.
Precedence Relationships
Logical relationships that determine the sequence in which activities must be performed in project management and scheduling.
Slack
The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the overall project timeline.
Critical Paths
The sequence of stages determining the minimum time needed to complete a project, highlighting the most important tasks that directly affect the completion time.
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