Quiz 2 - BIT 2406 Quiz 2 Multiple Choices: Please choose...

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BIT 2406 Quiz 2 Multiple Choices: Please choose the most correct response to each of the following questions. Please carry all computations out to four (4) decimal places. 1. An investigator hired by a client suing for sex discrimination has developed a multiple regression model for employee salaries for the company in question. In this multiple regression model, the salaries are in thousands of dollars. For example, a data entry of 35 for the dependent variable indicates a salary of $35,000. The indicator (dummy) variable for gender is coded as X 1 = 0 if male and X 1 = 1 if female. The computer output of this multiple regression model shows that the coefficient for this variable (X 1 ) is – 4.2. The t test showed that X 1 was significant at = 0.1. This result implies that for male and female workers of the company, On the average, females earn $4200 less. 2. In a multiple regression analysis, the current model has three independent variables. The analyst decides to add another (fourth) independent variable while retaining the other three independent
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Quiz 2 - BIT 2406 Quiz 2 Multiple Choices: Please choose...

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