Use the Following to Answer the Question(s) Below

question 17

Multiple Choice

Use the following to answer the question(s) below.
A large pharmaceutical company selected a random sample of new hires and obtained their job performance ratings based on their first six months with the company. These data were used to build a multiple regression model to predict the job performance of new hires based on age, GPA and gender (female = 1 and male = 0) . The results of the analysis are shown below.
-How much of the variability in Job Performance is explained by the regression model?

• A) 30.33 %
• B) 77.7 %
• C) 5.56 %
• D) 60.76 %
• E) Cannot be determined.

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Definitions:

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow over a similar term the funds necessary to purchase or lease an asset.

Non-interest-bearing Note

A promissory note in which no interest is earned or paid over the life of the note, with the borrower repaying only the face value of the note.

Straight-line Method

A depreciation method that allocates an equal portion of the cost of a fixed asset to each year of its useful life.