Question

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 Dependent Variable is Turnover Rate Predictor Coef SE Coef T P Constant 12.1005 0.7826 15.46 0.000 Trust Index -0.07149 0.01966 -3.64 0.001 Average Bonus -0.0007216 0.0001481 -4.87 0.000 S = 1.49746 R-Sq = 79.6% R-Sq(adj) = 78.3% Analysis of Variance Source DF SS MS Regression 2 262.73 131.36 Residual Error 30 67.27 2.24 Total 32 330.00 How much of the variability in Turnover Rate is explained by the estimated multiple regression model? 2.24% 95.4% 12.1% 63.36% 79.6%

          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

Dependent Variable is Turnover Rate
Predictor Coef SE Coef T P
Constant 12.1005 0.7826 15.46 0.000
Trust Index -0.07149 0.01966 -3.64 0.001
Average Bonus -0.0007216 0.0001481 -4.87 0.000

S = 1.49746 R-Sq = 79.6% R-Sq(adj) = 78.3%

Analysis of Variance
Source DF SS MS
Regression 2 262.73 131.36
Residual Error 30 67.27 2.24
Total 32 330.00

How much of the variability in Turnover Rate is explained by the estimated multiple regression model?

2.24%
95.4%
12.1%
63.36%
79.6%

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

Dependent Variable is Turnover Rate
Predictor Coef SE Coef T P
Constant 12.1005 0.7826 15.46 0.000
Trust Index -0.07149 0.01966 -3.64 0.001
Average Bonus -0.0007216 0.0001481 -4.87 0.000

S = 1.49746 R-Sq = 79.6% R-Sq(adj) = 78.3%

Analysis of Variance
Source DF SS MS
Regression 2 262.73 131.36
Residual Error 30 67.27 2.24
Total 32 330.00

How much of the variability in Turnover Rate is explained by the estimated multiple regression model?

2.24%
95.4%
12.1%
63.36%
79.6%

Added by Joseph K.

Question

Please give Ace some feedback