Examlex

Solved

A Sample of General Mills Employees Was Studied to Determine

question 100

Multiple Choice

A sample of General Mills employees was studied to determine their degree of satisfaction with their present life. A special index, called the index of satisfaction, was used to measure satisfaction. Six factors were studied: age at the time of first marriage (X1) , annual income (X2) , number of children living (X3) , value of all assets (X4) , status of health in the form of an index (X5) , and the average number of social activities per week (X6) . Suppose the multiple regression equation is: Y' = 16.24 + 0.017X1 + 0.00028X2 +42X3 + 0.0012X4 + 0.19X5 + 26.8X6
What is the estimated index of satisfaction for a person who first married at 25, has an annual income of $46,000, has two children, has assets of $200,000, has in index of health status of 141, and has 2.5 social activities per week?


Definitions:

Advertisers

Entities or individuals that promote products, services, or ideas to potential customers through various forms of media aiming to influence purchasing behavior.

Desirable Properties

Characteristics or features that are sought after or considered beneficial in various contexts, including but not limited to real estate, personal qualities, or product features.

Market Niche

A specific, focused segment of the market that a company aims to serve with its products or services.

Gap Khakis

A specific line of casual pants made by the Gap Inc., characterized by their khaki fabric.

Related Questions