Twenty-One Executives in a Large Corporation Were Randomly Selected to Study

question 37

Essay

Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow:

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Definitions:

Intervenes

The act of becoming involved in a situation to alter the outcome or to assist in resolving issues or conflicts.

Logs

Records of events, transactions, or observations kept systematically for the purpose of tracking or analyzing information.

Diaries

are personal records where individuals jot down their daily experiences, thoughts, and feelings, often used for reflection or memory keeping.

Data Collection

is the process of gathering and measuring information on variables of interest, in a systematic fashion that enables one to answer stated research questions, test hypotheses, and evaluate outcomes.