The Manager of a Human Resources Department Wishes to Predict

question 20

Multiple Choice

The manager of a human resources department wishes to predict the salary of an employee based on years of experience,x,and gender,g.(g = 1 for a male employee and 0 for a female employee) .A random sample of 50 employees results in the following least-squares regression equation:
= 40,000 + 2,500 x + 1,500 g +1,000 xg.Predict the salary for a male employee with 15 years of experience.

• A)$94,000
• B)$77,500
• C)$79,000
• D)$80,000
• E)$86,500

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Definitions:

Letter Of Acceptance

A formal document or communication acknowledging and agreeing to the terms of a proposal or offer.

Offer

A proposal by one party expressing willingness to enter into a contract, provided certain terms are met by the other party.

Revoked

The withdrawal, cancellation, or annulment of a right, privilege, license, or decision, often by a competent authority.

Fixed Terms

Fixed terms refer to conditions or clauses in a contract or agreement that are set and cannot be changed without the consent of all parties involved.