MKF 2121
MINI TASK 9 Xianning Tang 29228778A survey of CEOs at some large manufacturing firms is conducted to explore the firms’ interest in exporting to foreign markets. The data for 61 firms contain the following variables.Variables: Willingness to export is measured by a five point scale (1 = definitely not interested to5 = definitely interested)Number of employeesFirm revenue in 2007 (in millions of dollars)Firm revenue in 2011 (in millions of dollars)Years of operationState where the firm is located (NSW, Victoria or Queensland)The researcher has developed a linear regression model to predict businesses’ willingness to export. The estimated model is:Yˆ= b0 + b1X1+ b2X2+ bwhere, Yˆ= Willingness to export,X1= Number of employees, X2= Firm revenue in 2011, X3= Years of operationThe following statistical output was produced by the researcher:
3
X
3

Model Summary
Adjusted R
SquareStd.
Error of the
Estimate
Model
RR
Square
1
.027
a
.001
.000
0.77
a.