Consider the Following to Answer the Question(s) Below

question 13

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.
-The correct interpretation of the regression coefficient of Union is

• A) that the annual average bonus is $605.80 less for unionized companies compared to non-unionized companies of the same size (same number of employees).
• B) that the annual average bonus is $605.80 more for unionized companies compared to non-unionized companies of the same size (same number of employees).
• C) that the annual average bonus is $1259.50 less for unionized companies compared to non-unionized companies of the same size (same number of employees).
• D) that the annual average bonus is $1259.50 more for unionized companies compared to non-unionized companies of the same size (same number of employees).
• E) that the annual average bonus is $208 more for unionized companies compared to non-unionized companies of the same size (same number of employees).

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Definitions:

Department Store Branch

A subsidiary location of a larger department store company, offering a range of merchandise and services similar to the main store but located in different areas.

Population of Consumers

The total group of individuals who are potential or actual buyers of a product or service within a given market.

Regional Shopping Center

A large retail complex that provides a wide range of goods and services, serving not only the local community but also attracting customers from a broader region.

Psychological Attributes

Characteristics or features of a product or service that influence the mental state or emotional response of consumers.