The Manager of a Human Resources Department Wishes to Predict

question 7

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.What is the least-squares regression line for predicting the salary of male employees?

• A) = 40,000 + 2,500x
• B) = 40,000 + 4,000x
• C) = 40,000 + 2,500x + 1,500 g
• D) = 41,500 + 2,500x
• E) = 41,500 + 1,500g

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Definitions:

Business Cycle

The natural fluctuation of economic activity over time, marked by periods of expansion, peak, contraction, and trough.

Recovery Stage

A phase in the economic cycle or in the lifecycle of a project where performance begins to improve after a period of decline or recession.

Business Spending

The expenditure by businesses on goods and services, including capital goods and labor.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.