Consider the following to answer the question(s) below:
A sample of firms was selected from the high tech industry (Industry = 1) and the financial services sector (Industry = 0) . Data were collected on the following variables: turnover rate, job growth, number of employees, and innovative index (higher scores indicate a more innovative and creative organizational culture) . Below are the multiple regression results.
-Which statement is true about the estimated multiple regression model?
A) Turnover rate is the indicator variable.
B) Innovative index is the indicator variable.
C) Test results indicate that the model is overall significant in explaining Turnover rate.
D) F test results indicate that the model is not significant in explaining Turnover rate.
E) The coefficients associated with Job Growth and Industry variables are not significantly different from zero.
Correct Answer:
Verified
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