Instruction 13-8
You Worked as an Intern at We Always

question 212

Short Answer

Instruction 13-8
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premium depends very much on the age of the individual,the number of traffic tickets received by the individual,and the population density of the city in which the individual lives.You performed a regression analysis in Microsoft Excel and obtained the following information:
$\begin{array}{l}\text { Regression Analysis }\\\begin{array}{lr}\hline {\text { Regression Statistics }} \\\hline \text { Multiple R } & 0.63 \\\text { R Square } & 0.40 \\\text { Adjusted R Square } & 0.23 \\\text { Standard Error } & 50.00 \\\text { Observations } & 15.00 \\\hline\end{array}\end{array}$
ANOVA
$\begin{array}{lrrrrrr}\hline & d f & & S S & M S & F & \text { Significance } F \\\hline \text { Regression } & 3 & & 5994.24 & 2.40 & 0.12 \\\text { Residual } & 11 & 27496.82 & & & \\\text { Total } & & & 45479.54 & & & \\\hline\end{array}$

$\begin{array}{lrrrrrrr}\hline & \text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} & t \text { Stat } & P \text {-value } & \text { Lower 99.0\% } & \text { Upper 99.0\% } \\\hline \text { Intercept } & 123.80 & 48.71 & 2.54 & 0.03 & -27.47 & 275.07 \\\text { AGE } & -0.82 & 0.87 & -0.95 & 0.36 & -3.51 & 1.87 \\\text { TICKETS } & 21.25 & 10.66 & 1.99 & 0.07 & -11.86 & 54.37 \\\text { DENSITY } & -3.14 & 6.46 & -0.49 & 0.64 & -23.19 & 16.91 \\\hline\end{array}$
-Referring to Instruction 13-8,the adjusted r² is ________.

Analyze the ethical considerations and criticisms associated with experimenting on human behavior.

Identify the effects of prejudice, stereotypes, and cultural factors on individual behavior and attitudes towards others.

Appreciate the role of experimental settings in influencing behavior, such as the manipulation of environments in the Robbers Cave experiment and Milgram’s obedience study.

Examine the effects of gender, culture, and role assignment on conformity and obedience within experimental and real-world contexts.

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Definitions:

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people within a leadership role.

Trait Approach

A perspective in psychology that focuses on the identification and measurement of specific personality traits to understand and predict human behavior.

Task Oriented

Focused on completing tasks and achieving objectives efficiently, often prioritizing work and goals over social or emotional considerations.

Implicit Leadership Theory

An approach that suggests individuals have preconceived notions about what qualities and characteristics constitute an effective leader.