Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output: What is the proportion of the variation in salary accounted for by the set of independent variables?
A) 91.4%
B) 29.19%
C) 83.3%
D) 54.1%
E) 9.56%

Question

Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output:  What is the proportion of the variation in salary accounted for by the set of independent variables?
A) 91.4% 
B) 29.19% 
C) 83.3% 
D) 54.1% 
E) 9.56%

Quizplus · Accepted Answer

The Answer of Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output:  What is the proportion of the variation in salary accounted for by the set of independent variables?
A) 91.4% 
B) 29.19% 
C) 83.3% 
D) 54.1% 
E) 9.56%

Twenty-One Executives in a Large Corporation Were Randomly Selected for a Study