In a multiple regression model, industry (1=high tech, 0=financial services) , job growth, number of employees, and innovative index were used to predict turnover rate in a sample of firms.The coefficient of Industry is -2.8329.This means that for firms with the same innovative index score, job growth and number of employees the turnover rate will, on average, be ________________________ .
A) 2.83% less for a firm from high tech industry compared to financial services
B) 2.83% less for a firm from the financial services compared to the high tech industry
C) 2.83% more for a firm from the high tech industry compared to the financial services
D) 6.03% less for a firm from the high tech industry compared to the financial services
E) 0.47% less for a firm from the financial services compared to the high tech industry
Correct Answer:
Verified
Q5: Data were collected on the number of
Q6: Data were collected on the following variables:
Q7: A diagnostic measure used to identify influential
Q8: Data were collected on Job Growth (%)
Q9: A point with a leverage value of
Q11: A multiple regression model was fit to
Q12: Below is a scatterplot of size of
Q13: Based on the multiple regression statistics below,
Q14: What does the scatterplot below suggest about
Q15: A multiple regression model was fit to
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