Question

In: Statistics and Probability

If Janice Position-Classification, personnel officer for the Bureau of Forms, can forecast agency separations 6 months...

If Janice Position-Classification, personnel officer for the Bureau of Forms, can forecast agency separations 6 months from now, she can plan recruitment efforts to replace these people. Janice believes that separations 6 months from now are determined by the number of agency people passed over for promotion (X1), the number of agency people 64 years old or older (X2), and the ratio of government salaries to private sector salaries (X3). Using regression, Janice finds the following:

Y^ = 27.4 + .35X1 + .54X2 - 271X3

sb1 = .0031 sb2 = 0.136 sb3 = 263 Sy|x = 54

R2 = .89 Adj. R2 = .85 N = 214

Write a one-page memo explaining the results, and then forecast the number of separations if 418 people are passed over for promotion, 327 people are 64 years old or older, and government salaries equal those in the private sector.

Solutions

Expert Solution


Related Solutions

Describe an action a regulatory agency took against a business in the past 6 months. Post...
Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning and support it with the materials from this week. Make sure you provide the link to the source and also make sure the company is in the US
Describe an action a regulatory agency took against a business in the past 6 months. Post...
Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning.
Describe an action a regulatory agency took against a business in the past 6 months. Post...
Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning.
If labour savings are estimated to be $25000 per 6 months, how much can INDE232 Company...
If labour savings are estimated to be $25000 per 6 months, how much can INDE232 Company afford to spend to purchase one, if the company uses a MARR of 1% per month and wants to recover its investment in 4-1/2 (4 and a half) years?
If labour savings are estimated to be $25000 per 6 months, how much can INDE232 Company...
If labour savings are estimated to be $25000 per 6 months, how much can INDE232 Company afford to spend to purchase one, if the company uses a MARR of 1% per month and wants to recover its investment in 1-1/2 (1 and a half) years?
You plan on going on a 6 month vacation 8 months from now. You can pay...
You plan on going on a 6 month vacation 8 months from now. You can pay $3,458 per month during the vacation, or you can pay $22,523 today. If you pay today, how much does it save (or cost) you in present value term if your investments earn 3.41% APR (compounded monthly)? If it costs you more to pay today, state your answer with a negative sign (eg., -2000).
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT