States
Concern Over the Number of Car Thefts Grew into a Project

question 64

Short Answer

States
Concern over the number of car thefts grew into a project to determine the relationship between car thefts by state and these variables:
x₁ = Police per 10,000 persons,by state
x₂ = Expenditure by local government for police protection,in thousands,by state
x₃ = New passenger car registrations,in thousands,by state.
Data from 13 states were collected.The MINITAB regression results are:
The regression equation is car-thf $= - 25.3 + 1.28$ police $+ 0.0188$ polexp $+ 0.0969$ registr
$\begin{array} { l l l c l } \text { Predictor } & \text { Coef } & \text { Stdev } & \text { t-ratio } & p \\ \text { Constant } & - 25.29 & 17.85 & - 1.42 & 0.190 \\ \text { police } & 1.2831 & 0.9275 & 1.38 & 0.200 \\ \text { polexp } & 0.018827 & 0.008460 & 2.23 & 0.053 \\ \text { registr } & 0.09686 & 0.03536 & 2.74 & 0.023 \end{array}$
$$s = ? ? \quad \text { R-sq } = ? ? \% \quad \text { R-sq(adj) } = ? ? \%$$
$\begin{array}{l}\text { Analysis of Variance }\\\begin{array} { l l l l c l } \text { SOURCE } & \text { DF } & \text { SS } & \text { MS } & F & p \\\text { Regression } & 3 & 33007 & 11002 & 107.14 & 0.000 \\\text { Error } & 9 & 924 & 103 & & \\\text { Total } & 12 & 33932 & & &\end{array}\end{array}$
$\begin{array}{l}\text { Correlation between the variables: }\\\begin{array} { l r c c c } & \text { car-thf } & \text { police } & \text { polexp } & \text { registr } \\\text { car-thf } & 1.000 & & & \\\text { police } & 0.466 & 1.000 & & \\\text { polexp } & 0.970 & 0.390 & 1.000 & \\\text { registr } & 0.976 & 0.406 & 0.958 & 1.000\end{array}\end{array}$
-Compute the multiple standard error of estimate (s_e)from the regression results.

Gain knowledge on budgeting for compensation and its variables.

Analyze the effects of compensation cost changes on the organization.

Recognize the challenges in planning for information technology within the context of compensation.

Develop strategies for introducing new compensation systems to employees.

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