Question

HELP ASAP

A human resources consultants investigating factors that might be useful in predicting the turnover rate (Turnover) for a certain type of company Using a sample of 33 randomly selected companies, cata were collected on the average annual bonus the company pays (Bonus the turnover rate at the company Murnover, and the average degree of trust employees at the company have in upper management (rus), measured on a scale from 0 (no trust atato 100 (complete trust) Partial results from the regression model are given in the output now Coefficients Standard Error Stot P value Intercept 12.1005 0.7826 15:46 Trust -0.07149 0.01966 3.64 0.001 Bonus -0.0007216 0.0001481 4.87 Estimate the mean turnover for a company with a trust score of 30 and an average annual bonus of 6.741. Use all of the decimal places available for each coefficient in your calculation a coefficient in the table above has four decimal places, use all four places when you use the number to calculate the final answer). Round the final answer to tw 21 decimal places.

Answer 1

The regression equation is : Turnover = 12:1005 -0.07149 (Trust) -0.0007216 ( Bonus) :. Estimated mean turnover for a company with a trust score of 30 and an average annual bonus of 6741 = 12.1005 -0.07149 (30) - 0.000721616741) = 5.0914944 ~ [5.09 (rounded to two decimal places)