Question

by workers for quitting their jobs generally fall into one of two categories: (1) Worker quits to seek or take a different job, or (2) worker quits to withdraw from the labor force. Economic theory suggests that wages and quit rates are related. The table below lists quit rates (quits per 100 employees) and the average hourly wage in a sample of 15 manufacturing industries. Quit Rate,y 1.15 0.45 Average Wage, x($) 9 I 11.15 Industry 1 2 3 4 5 6 6.98 6.17 2.35 3.15 1.45 1.45 10.74 9.91 7 0.75 0.25 11.39 14.09 1.75 8.79 8 9 10 11 12 13 14 15 3.55 2.05 1.65 6.34 8.3 7.23 1.15 9.63 11.73 1.55 1.75 9.6

Answer 1

0.72 as (a model yes, ond R2 value is Coefficient of Average wage is also significant. Relationship between quit rate e is Lelow woge Quit rate - 4.88 0.346 * (Average wage) There is negative correlationship between theo given variables. b) put Average wage = equation, 7.50 in above we Quit rate 2.28 It is uploaded. d) and = -0.853, strength of relationship is given by r - ve sign denote the direction R² Average wage is able to Capture 727 of the variation in quit rate. 0.72 - 0.853, it wage increases also means that as quit rate will decrease. Average

interval for the mean Value Conti dence ofy is وع + (Estimated standard I tape error of 9 top at (n-y degrees of freedom 9 at x = 7.5 2-28 I 2.16 (0.45) [1.24 3.316] e linean equation uredi obtained in part part a predict quit rate. can be