SCENARIO 13-2
A professor of industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X1) and the number of economics courses the employee successfully completed in college (X2).The professor randomly selects 6 workers and collects the following information: $$\begin{array} { c c r r }
\text { Employee } & Y ( \$ ) & \underline { X } _ { 1 } & X _ { 2 } \
1 & 10 & 3 & 0 \
2 & 12 & 1 & 5 \
3 & 15 & 8 & 1 \
4 & 17 & 5 & 8 \
5 & 20 & 7 & 12 \
6 & 25 & 10 & 9
\end{array}$$
-Referring to SCENARIO 13-2, for these data, what is the estimated coefficient for the number of economics courses taken, b2?
A)0.616
B)1.054
C)6.932
D)9.103

Question

SCENARIO 13-2
A professor of industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X1) and the number of economics courses the employee successfully completed in college (X2).The professor randomly selects 6 workers and collects the following information: $$\begin{array} { c c r r } 
\text { Employee } &  Y ( \$ )  & \underline { X } _ { 1 } & X _ { 2 } \
1 & 10 & 3 & 0 \
2 & 12 & 1 & 5 \
3 & 15 & 8 & 1 \
4 & 17 & 5 & 8 \
5 & 20 & 7 & 12 \
6 & 25 & 10 & 9
\end{array}$$
-Referring to SCENARIO 13-2, for these data, what is the estimated coefficient for the number of economics courses taken, b2?
A)0.616
B)1.054
C)6.932
D)9.103

Quizplus · Accepted Answer

The estimated coefficient for the number of economics courses taken, b2, is calculated using multiple regression analysis. Based on the given data, the correct estimated coefficient is 0.616.

SCENARIO 13-2 a Professor of Industrial Relations Believes That an Individual's

SCENARIO 13-2
a Professor of Industrial Relations Believes That an Individual's