Question

In: Math

2 A Human Relations manager believes that an individual's wage rate at the factory depends on...

2 A Human Relations manager believes that an individual's wage rate at the factory depends on the individual performance rating and the number of training courses the employee successfully completed in the training program. The manager randomly selects 6 workers and collects the following information.
Data Table Problem 2
Employee Wage Rate Performance Rate # of Training Courses
1 $          10.00 3 0
2 $          12.00 1 5
3 $          15.00 8 1
4 $          17.00 5 8
5 $          20.00 7 12
6 $          25.00 10 9
Be prepared to answer any questions on the relationship of this data. Use multiple regression.

Solutions

Expert Solution

Hello Sir/ Mam

Basic Multiple Regression Data :

Other regression data, may be less useful, but still as you asked for all the regression data :

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.97049613
R Square 0.941862738
Adjusted R Square 0.903104563
Standard Error 1.702108569
Observations 6
ANOVA
df SS MS F Significance F
Regression 2 140.8084793 70.40423963 24.30100843 0.014017865
Residual 3 8.691520743 2.897173581
Total 5 149.5
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 6.931902341 1.554858303 4.458221258 0.021010121 1.983649278 11.8801554 1.983649278 11.8801554
Performance Rate 1.054352602 0.245886285 4.28796833 0.023313461 0.271832703 1.8368725 0.271832703 1.8368725
# of Training Courses 0.616017071 0.173737082 3.545685601 0.03820818 0.063108135 1.168926008 0.063108135 1.168926008
RESIDUAL OUTPUT PROBABILITY OUTPUT
Observation Predicted Wage Rate Residuals Standard Residuals Percentile Wage Rate
1 10.09496015 -0.094960146 -0.072024208 8.333333333 10
2 11.0663403 0.9336597 0.708150768 25 12
3 15.98274022 -0.982740225 -0.745376762 41.66666667 15
4 17.13180192 -0.131801921 -0.099967506 58.33333333 17
5 21.70457541 -1.70457541 -1.292865468 75 20
6 23.019582 1.980418 1.502083176 91.66666667 25

I hope this solves your doubt.

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