QUESTION 5 TABLE 14-2 A professor of industrial relations believes that an indiv

Question

QUESTION 5 TABLE 14-2 A professor of industrial relations believes that an individual's wage rate at a factory (Y) depends on his performance rating (X1) and the number of economics courses the employee successfully completed in college (X2). The professor randomly selects 6 workers and collects the following information: Employee YS)X1 X2 10) 12 1.3 3 4 200 25 12 6 10 Referring to Table 14-2, for these data, what is the estimated coefficient for the number of economics courses taken, b2? 0.616 1.054 6.932 9.103

Explanation / Answer

From the excel coefficient is 0.616

Correct Option is A

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 6.931902 1.554858 4.458221 0.02101 1.983649 11.88016 1.983649 11.88016 X Variable 1 1.054353 0.245886 4.287968 0.023313 0.271833 1.836872 0.271833 1.836872 X Variable 2 0.616017 0.173737 3.545686 0.038208 0.063108 1.168926 0.063108 1.168926

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