SCENARIO 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:

-Referring to Scenario 14-2,an employee who took 12 economics courses scores 10 on the performance rating.What is her estimated expected wage rate?
A)10.90
B)12.20
C)24.87
D)25.70

Question

SCENARIO 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:
 
-Referring to Scenario 14-2,an employee who took 12 economics courses scores 10 on the performance rating.What is her estimated expected wage rate?
A)10.90 
B)12.20 
C)24.87 
D)25.70

Quizplus · Accepted Answer

Using the regression equation Y = b0 + b1X1 + b2X2, we get Y = -12.414 + 0.625(10) + 12.45(12) = 24.87.

SCENARIO 14-2 A Professor of Industrial Relations Believes That an Individual's Wage