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Let X, represent the Total Worldwide Revenues (Smillions) and let X2 represent the FT Voluntary Turnover (%). (Round the constant and X2-coefficient to the nearest integer as needed. Round the Xq-coefficient to four decimal places as needed.) b. Interpret the meanings of the slopes b; and by in this problem. Choose the correct answer below. O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, + bą. O B. The slopes b, and b2 cannot be interpreted individually. OC. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by by. For a given Revenue, for each increase 1% in Turnover, the numb O D. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by Sb; million and the Turmover percentage is es increase by by %. stimated toin c. Interpret the meaning of the regression coefficient, bg. Select the correct choice below. O A. The coefficient bo represents the total worldwide revenue and a voluntary turnover. O B. The coefficient bọ represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. OC. The coefficient bo represents the estimated number of total jobs added when there is a voluntary turnover of 0%. O D. The coefficient bọ represents the estimated number of total jobs added when there is a total worldwide revenue of S0.

Let X, represent the Total Worldwide Revenues (Smillions) and let X2 represent the FT Voluntary Turnover (%). (Round the constant and X2-coefficient to the nearest integer as needed. Round the Xq-coefficient to four decimal places as needed.) b. Interpret the meanings of the slopes b; and by in this problem. Choose the correct answer below. O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, + bą. O B. The slopes b, and b2 cannot be interpreted individually. OC. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by by. For a given Revenue, for each increase 1% in Turnover, the numb O D. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by Sb; million and the Turmover percentage is es increase by by %. stimated toin c. Interpret the meaning of the regression coefficient, bg. Select the correct choice below. O A. The coefficient bo represents the total worldwide revenue and a voluntary turnover. O B. The coefficient bọ represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. OC. The coefficient bo represents the estimated number of total jobs added when there is a voluntary turnover of 0%. O D. The coefficient bọ represents the estimated number of total jobs added when there is a total worldwide revenue of S0.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 8SGR
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The problem facing a manager is to assess the impact of factors on​ full-time (FT) job growth.​ Specifically, the manager is interest in the impact of total worldwide revenues and​ full-time voluntary turnover on the number of​ full-time jobs added in a year. Data were collected from a sample of 20 ​"best companies to work​ for." The data includes the total number of​ full-time jobs added in the past​ year, total worldwide revenue​ (in $millions), and the​ full-time voluntary turnover​ (%). Use the accompanying data to complete parts​ (a) through​ (d) below.

The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically, the manager is interest in the impact of total worldwide revenues and full-time voluntary turnover on the number of full-time jobs added in a year. Data were collected from a sample of 20 "best companies to work for." The data includes the total number of full-time jobs added in the past year, total worldwide revenue (in $millions), and the full-time voluntary turnover (%). Use the accompanying data to complete parts (a) through (d) below. Click the icon to view the data table. Let X, represent the Total Worldwide Revenues ($millions) and let X2 represent the FT Voluntary Turnover (%). i Data of Best Companies to Work For ŷ; =D+ (O X1 + (D X2 (Round the constant and X2;-coefficient to the nearest integer as needed. Round the X4;-coefficient to four decimal places as needed.) FT b. Interpret the meanings of the slopes b, and b2 in this problem. Choose the correct answer below. Total Worldwide Voluntary Total FT Revenues Turnover O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, + b2. Jobs Added ($millions) 20,729.000 (%) 1,886 - 2 7.451 B. The slopes b, and b2 cannot be interpreted individually. 731.000 10.655 249 1,071.000 6,841.496 46,100.000 19,121.000 2,331.041 11,700.000 15.064 C. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by b,. For a given Revenue, for each increase 1% in Turnover, the number of Jobs Added is estimated to increase by b2. 138 6.007 207 5.728 D. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by $b, million and the Turnover percentage is estimated to increase by b,%. 2.792 2,482 716 8.335 c. Interpret the meaning of the regression coefficient, bo. Select the correct choice below. 7,082 9.603 86 696.200 5.233 888.000 10.837 A. The coefficient bo represents the total worldwide revenue and a voluntary turnover. 3,691.728 3,050.195 27,706.772 3,024.095 11,220.000 1,000.420 746.000 - 67 1,264 1,357 12.764 16.188 B. The coefficient bo represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. 3.346 75 2.806 C. The coefficient bo represents the estimated number of total jobs added when there is a voluntary turnover of 0%. - 224 5.032 608 27.308 D. The coefficient bo represents the estimated number of total jobs added when there is a total worldwide revenue of $0. 223 12.064 355 317.586 15.533 d. What conclusions can you reach concerning full-time jobs added? Select the correct choice below. - 2 2,312.000 4.401 124 396.196 10.076 A. The model uses both the revenue and the voluntary turnover to predict the number of full-time jobs added. B. The model uses the revenue to predict the number of full-time jobs added. The voluntary turnover only affects the efficiency ratio directly. Print Done C. The model uses the revenue or the voluntary turnover to predict the number of full-time jobs added, but not both. D. The model uses the voluntary turnover to predict the number of full-time jobs added. The revenue only affects the voluntary turnover directly.
Transcribed Image Text:The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically, the manager is interest in the impact of total worldwide revenues and full-time voluntary turnover on the number of full-time jobs added in a year. Data were collected from a sample of 20 "best companies to work for." The data includes the total number of full-time jobs added in the past year, total worldwide revenue (in $millions), and the full-time voluntary turnover (%). Use the accompanying data to complete parts (a) through (d) below. Click the icon to view the data table. Let X, represent the Total Worldwide Revenues ($millions) and let X2 represent the FT Voluntary Turnover (%). i Data of Best Companies to Work For ŷ; =D+ (O X1 + (D X2 (Round the constant and X2;-coefficient to the nearest integer as needed. Round the X4;-coefficient to four decimal places as needed.) FT b. Interpret the meanings of the slopes b, and b2 in this problem. Choose the correct answer below. Total Worldwide Voluntary Total FT Revenues Turnover O A. For each increase of 1 in both Revenue and Turnover, the Jobs Added is estimated to increase by b, + b2. Jobs Added ($millions) 20,729.000 (%) 1,886 - 2 7.451 B. The slopes b, and b2 cannot be interpreted individually. 731.000 10.655 249 1,071.000 6,841.496 46,100.000 19,121.000 2,331.041 11,700.000 15.064 C. For a given Turnover, for each increase of $1 million in Revenue, the Jobs Added is estimated to increase by b,. For a given Revenue, for each increase 1% in Turnover, the number of Jobs Added is estimated to increase by b2. 138 6.007 207 5.728 D. For each increase of 1 in Jobs Added, the Revenue is estimated to increase by $b, million and the Turnover percentage is estimated to increase by b,%. 2.792 2,482 716 8.335 c. Interpret the meaning of the regression coefficient, bo. Select the correct choice below. 7,082 9.603 86 696.200 5.233 888.000 10.837 A. The coefficient bo represents the total worldwide revenue and a voluntary turnover. 3,691.728 3,050.195 27,706.772 3,024.095 11,220.000 1,000.420 746.000 - 67 1,264 1,357 12.764 16.188 B. The coefficient bo represents the estimated number of total jobs added when there is a total worldwide revenue of $0 and a voluntary turnover of 0%. 3.346 75 2.806 C. The coefficient bo represents the estimated number of total jobs added when there is a voluntary turnover of 0%. - 224 5.032 608 27.308 D. The coefficient bo represents the estimated number of total jobs added when there is a total worldwide revenue of $0. 223 12.064 355 317.586 15.533 d. What conclusions can you reach concerning full-time jobs added? Select the correct choice below. - 2 2,312.000 4.401 124 396.196 10.076 A. The model uses both the revenue and the voluntary turnover to predict the number of full-time jobs added. B. The model uses the revenue to predict the number of full-time jobs added. The voluntary turnover only affects the efficiency ratio directly. Print Done C. The model uses the revenue or the voluntary turnover to predict the number of full-time jobs added, but not both. D. The model uses the voluntary turnover to predict the number of full-time jobs added. The revenue only affects the voluntary turnover directly.
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