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

question 16

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: Determine the multiple regression equation. _______________________

• A) Y' = 23.004 - 0.031X₁ + 0.381X₂ + 1.452X₃ - 0.089X₄ + 3.554X₅
• B) Y' = -23.004 - 0.031X₁ + 0.381X₂ + 1.45X₃ - 0.089X₄ + 3.554X₅
• C) Y' = 23.004 - 0.031X₁ + 0.381X₂ + 1.452X₃ + 0.089X₄ - 3.554X₅
• D) Y' = 23.004 - 0.031X₁ - 0.381X₂ - 1.452X₃ - 0.089X₄ + 3.554X₅
• E) Y' = -23.004 + 0.031X₁ - 0.381X₂ - 1.45X₃ + 0.089X₄ - 3.554X₅

---

Definitions:

Demand Decreases

A decrease in the quantity of a product or service that consumers are willing and able to purchase at given prices.

Tax on Buyers

A fiscal charge imposed directly on purchasers, which shifts the demand curve downward, reflecting a decrease in the net price received by sellers.

Tax Burden

The measurement of taxes that a person or business must pay, often expressed as a percentage of income or profit.

Buyer Pays

Refers to the economic principle that the buyer is responsible for paying the price of a good or service, including any taxes or fees associated with the purchase.