Assignment 5 Managing Compensation - LopezB

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American Military University *

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Management

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Apr 3, 2024

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Answer Sheet Format for Assignment #5 (Multiple Linear Regression) – MGMT 4303 1. Your name Your answer: Benjamin G. Lopez 2. Do you confirm that your writing in this submission is original and has not violated any policies under section ‘4. Instructor Policies’ (i.e., plagiarism, teamwork/cheating, “just” paraphrasing, and the use of AI-generated content) in our syllabus? (Your submission will not be graded if you do not answer “yes” to this question.) Your answer: Yes 3. Q1-1: What is the estimated simple linear regression equation? (4 points) Your answer: Happiness level = -0.14*(# of cars sold per month) + 4.46 4. Q1-2: What is the p-value of the coefficient for the cars sold per month in the equation in Q1-1? Explain the relationship between the number of cars sold per month and happiness level with work-life balance based on the equation in Q1-1. (6 points) Your answer: The P value for the coefficient of cars sold per month in the equation is smaller than 0.05 which is 0.02 . We can expect the happiness level to decrease by 0.14 units/points as the cars sold per month increases by one car . 5. Q1-3: What is the estimated multiple linear regression equation? (4 points) Your answer: Happiness level = -0.08 *(# of cars sold per month) -0.02*(Avg. Work hrs/week) + 5.25 6. Q1-4: What is the p-value of the coefficient for the cars sold per month in the equation in Q1-3? Explain the relationship between the number of cars sold per month and happiness level with work-life balance based on the equation in Q1-3. (6 points) Your answer: The P value for the coefficient of cars sold per month in the equation is greater than 0.05 which is 0.20 . There is no significant relationship between the number of cars sold per month and happiness level with work-life balance holding average work hours per week constant . 7. Bonus Q1: What is your speculation of the relationship among the three variables in the model (i.e., an average number of cars sold per month, average work hours per week, and happiness level with work-life balance)? And if Jake wants to increase the happiness level with the work-life balance of his sales associates, what should he do? (3 points) Your answer: There is a negative relationship between the happiness level and number of cars sold per month, but this relationship is not the same when the average work hours per week is held constant. The relationship between the happiness level and average work hours per week is negative. If the sales associates happiness level decreases as the number of cars sold per month increases, then Jake should decrease the number of cars sold and/or decrease the work hours per week.
Answer Sheet Format for Assignment #5 (Multiple Linear Regression) – MGMT 4303
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