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

question 44

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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: 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 effect on salary for an increase of one level of responsibility if the other variables are held constant? A)  +$3,554 B)  -$3,554 C)  +$833 D)  +$8330 What is the effect on salary for an increase of one level of responsibility if the other variables are held constant?


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