A Sample of General Mills Employees Was Studied to Determine

question 5

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 + 0.09X₅ + 26.8X₆.
Explain the meaning of b₆.

• A) For each additional social activity per week, their satisfaction index is expected to increase by 26.8 points.
• B) For each additional social activity per week, their satisfaction index is expected to increase by 2.68 points.
• C) For each additional10 points on the health status index, their satisfaction index is expected to increase by 0.9 points.
• D) For each additional$10,000 in assets, their satisfaction index is expected to increase by 12 points.
• E) For each additional living child, their satisfaction index is expected to increase by 42 points.

Identify and describe significant life events that occur within the adult life cycle.

Comprehend the concept of inflation and its impact on the economy.

Learn and apply the Rule of 72 to understand the relationship between inflation rate and the doubling of prices.

Understand the sequential steps in the appraisal process.

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