Twenty-One Executives in a Large Corporation Were Randomly Selected for a Study

question 85

Multiple Choice

Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output: What is the proportion of the variation in salary accounted for by the set of independent variables?

• A) 91.4%
• B) 29.19%
• C) 83.3%
• D) 54.1%
• E) 9.56%

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Definitions:

Elaboration

The process of adding more detail or information to something, often used in the context of cognitive processing of messages.

Personal Importance

The significance or value an individual places on a specific idea, activity, or possession in their life.

Stimulus

Any object, event, or factor that can elicit or evoke a response from an organism or system.

Flow State

A mental state in which a person performing an activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment.