Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 15, Problem 45SE

The personnel director for Electronics Associates developed the following estimated regression equation relating an employee’s score on a job satisfaction test to his or her length of service and wage rate.

y ^ = 14.4 8.69 x 1 + 13.5 x 2

where

x1 = length of service (years)

x2 = wage rate (dollars)

y = job satisfaction test score (higher scores indicate greater job satisfaction)

  1. a. Interpret the coefficients in this estimated regression equation.
  2. b. Predict the job satisfaction test score for an employee who has four years of service and makes $6.50 per hour.
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Chapter 15 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

Ch. 15.3 - 11. In exercise 1, the following estimated...Ch. 15.3 - 12. In exercise 2, 10 observations were provided...Ch. 15.3 - Prob. 13ECh. 15.3 - Prob. 14ECh. 15.3 - 15. In exercise 5, the owner of Showtime Movie...Ch. 15.3 - Prob. 16ECh. 15.3 - In part (d) of exercise 9, data contained in the...Ch. 15.3 - Prob. 18ECh. 15.5 - In exercise 1, the following estimated regression...Ch. 15.5 - Prob. 20ECh. 15.5 - Prob. 21ECh. 15.5 - Prob. 22ECh. 15.5 - Testing Significance in Theater Revenue. Refer to...Ch. 15.5 - Testing Significance in Predicting NFL Wins. The...Ch. 15.5 - The Condé Nast Traveler Gold List provides ratings...Ch. 15.5 - Prob. 26ECh. 15.6 - Prob. 27ECh. 15.7 - 32. Consider a regression study involving a...Ch. 15.7 - Prob. 33ECh. 15.7 - 34. Management proposed the following regression...Ch. 15.7 - Repair Time. Refer to the Johnson Filtration...Ch. 15.7 - Prob. 36ECh. 15.7 - Prob. 37ECh. 15.8 - Prob. 40ECh. 15.8 - Exercise 5 gave the following data on weekly gross...Ch. 15.8 - The following table reports the price, horsepower,...Ch. 15 - 49. The admissions officer for Clearwater College...Ch. 15 - The personnel director for Electronics Associates...Ch. 15 - Prob. 46SECh. 15 - Recall that in exercise 44, the admissions officer...Ch. 15 - Recall that in exercise 45 the personnel director...Ch. 15 - Fortune magazine publishes an annual list of the...Ch. 15 - The Department of Energy and the U.S....Ch. 15 - The Tire Rack, an online distributor of tires and...Ch. 15 - The National Basketball Association (NBA) records...Ch. 15 - Consumer Research, Inc., is an independent agency...Ch. 15 - Matt Kenseth won the 2012 Daytona 500, the most...Ch. 15 - When trying to decide what car to buy, real value...
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