Consider the following to answer the question(s) below:
In determining the best companies to work for, a number of variables are considered, including size, average annual pay, and turnover rate, etc. Moreover, employee surveys are conducted in order to assess aspects of the organization's culture, such as trust and openness to change. In an attempt to determine what affects turnover rate, a sample of 33 companies was randomly selected and data collected on the average annual bonus and turnover rate (%) for 2015. In addition, a questionnaire was administered to the employees of each company to arrive at a trust index (measured on a scale of 0-100) . Below are the multiple regression results.
-At α = 0.01, we can conclude that
A) the multiple regression model is not significant overall.
B) Trust Index is not significant independent variable in explaining turnover rate.
C) there is no evidence that Average Annual Bonus is a significant independent variable in explaining turnover rate.
D) the multiple regression model is not significant overall because only Trust Index is a significant independent variable in explaining turnover rate.
E) the multiple regression model is significant overall. Also, both variables (Trust Index and Average Annual Bonus) are significant in explaining turnover rate.
Correct Answer:
Verified
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