Mid term - Part I Objective Question Question 1 A Question...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Part I Objective Question Question 1 A Question 2 C Question 3 Sub part 3.1 C 3.2 C 3.3 B 3.4 D 3.5 D Part II Part A The slope is 0.538 and it implies that for 1 increase Hrwage, the tenue is increased by 0.538 Part B Variance 46.05 Part C R2 0.0823 The coefficient of determination or R square tell us that 8.23% of the variations in Hrwage are influenced by tenure. Part D Null Alternative Hypothesis test statistic 2.015 critical value 2.0141 Part E Null Alternative Hypothesis test statistic 2.0150 critical value 2.3189 Question 2 Part A The average hourly wage of worker is $18,906. As this is the constant term. As Union is equal to 0 for non union worker, therefore the wages is always equal to $18.906 Part B The wages for union worker is $18.906 + 2.273 = 21.179 Part C Confidence interval 12.17382 19.31018 Interval 12.17381,19.31018 Part D Question 3 Impact of 1 increase in cost Amount Part A Reputation slope for cost 3985.2 Increase 3985.2 Size slope-0.2 Decrease-0.2 Dpriv slope 8406.79 Increase8406....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online