The Main Advantage of Using Multiple Regression Analysis Over Differences

question 40

Multiple Choice

The main advantage of using multiple regression analysis over differences in means testing is that the regression technique

• A)allows you to calculate p-values for the significance of your results.
• B)provides you with a measure of your goodness of fit.
• C)gives you quantitative estimates of a unit change in X.
• D)assumes that the error terms are generated from a normal distribution.

Recognize the importance of evaluating employee attitudes towards new compensation systems.

Evaluate the effectiveness of compensation systems through various metrics.

Understand the advantages and disadvantages of outsourcing HR functions, including compensation.

Appreciate the role of technology in HR functions, especially in compensation management.

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Definitions:

T Represent

In statistics, "T" often stands for the t-statistic, used in t-tests to compare the means of two groups.

Test Statistic

A value calculated from sample data during a hypothesis test, used to determine whether to reject the null hypothesis.

Number of Participants

Refers to the total count of individuals involved in a study or experiment, providing a base for drawing conclusions.

T Test

A statistical test used to compare the means of two groups to see if they are significantly different from each other.