TABLE 14-2
A professor of industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X 1 ) and the number of economics courses the employee successfully completed in college (X 2 ). The professor randomly selects 6 workers and collects the following information:
$$\begin{array} { c c r r }
\text { Employee } & Y ( \$ ) & X _ { 1 } & X _ { 2 } \
\hline 1 & 10 & 3 & 0 \
2 & 12 & 1 & 5 \
3 & 15 & 8 & 1 \
4 & 17 & 5 & 8 \
5 & 20 & 7 & 12 \
6 & 25 & 10 & 9 \
\hline
\end{array}$$
-Referring to Table 14-2, for these data, what is the estimated coefficient for performance rating, b1?
A) 1.054
B) 0.616
C) 9.103
D) 6.932

Question

TABLE 14-2
A professor of industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X 1 ) and the number of economics courses the employee successfully completed in college (X 2 ). The professor randomly selects 6 workers and collects the following information:
  $$\begin{array} { c c r r } 
\text { Employee } & Y ( \$ ) & X _ { 1 } & X _ { 2 } \
\hline 1 & 10 & 3 & 0 \
2 & 12 & 1 & 5 \
3 & 15 & 8 & 1 \
4 & 17 & 5 & 8 \
5 & 20 & 7 & 12 \
6 & 25 & 10 & 9 \
\hline
\end{array}$$
-Referring to Table 14-2, for these data, what is the estimated coefficient for performance rating, b1?
A) 1.054
B) 0.616
C) 9.103
D) 6.932

Quizplus · Accepted Answer

The estimated coefficient for performance rating, b1, is 1.054. This can be seen by looking at the column labeled "Coefficient" in the table, and finding the row corresponding to the variable "Performance Rating". The value in this cell is 1.054.

TABLE 14-2 a Professor of Industrial Relations Believes That an Individual's

TABLE 14-2
a Professor of Industrial Relations Believes That an Individual's