A sample of firms was selected from the high tech industry (Industry = 1) and th

Question

A sample of firms was selected from the high tech industry (Industry = 1) and the financial services sector (Industry = 0). Data were collected on the following variables: turnover rate, job growth in % number of employees, and innovative index (higher scores indicate a more innovative and creative organizational culture). Below the multiple regression results. Which statement(s) is (are) true about the estimated multiple regression model? I. Turnover rate is the indicator variable. II. Innovative index is the indicator variable. III F test results indicate that the model is significant in explaining Turnover rate. A) II and III B) I only C) I, II, and III D) II only E) III only Which of the following independent variables are significant in this regression equation at alpha = 0.05? A) Innovative Index and Job Growth B) Job Growth C) Job Growth and Industry D) Innovative Index E) Industry How much of the variability in Turnover Rate is explained by the multiple regression model? A) 9.3% B) 95.6% C) 73.9% D) 50.62% E) none of these

Explanation / Answer

7) (E)

EXPLANATION: Here the value F-Statistic P-Value = 0.000<0.01

Hence the overall model is statistically significant

8) (C)

EXPLANATION: Out of 4 independent variables job growth and industry were found to be significant independent predictors.Here P-Value of both the variables are(p=0.00) <0.01

hence significant

9) (B)

EXPLANATION:

R2 = SSregression/SStotal = 202.517/211.818 = 0.956= 95.6%

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