Consider the Following to Answer the Question(s) Below

question 14

Multiple Choice

Consider the following to answer the question(s) below:
A sample of 30 companies was randomly selected for a study investigating what factors affect the size of company bonuses. Data were collected on the number of employees at the company and whether or not the employees were unionized (1 = yes, 0 = no) . The following multiple regression model was fit to the data.
-Which of the following statements is not true at α = 0.05?

• A) The multiple regression model is overall significant in explaining the size of company bonuses.
• B) The number of employees at the company is a significant variable in explaining the size of company bonuses.
• C) Whether or not the employees are unionized is a significant variable in explaining the size of company bonuses.
• D) The regression model accounts for 62.4% of the variation in average annual bonus.
• E) The regression model only accounts for 59.6% of the variation in average annual bonus because Employees is not significant variable.

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