The problem facing a manager is to assess the impact of factors on?lti e b growt
ID: 2946289 • Letter: T
Question
The problem facing a manager is to assess the impact of factors on?lti e b growth Speikly the manager is ?te e ted in the i pact of total workh ide revenues and tllene winary trno er on the number of M added in a year Data ore collected from a sample of 102 ?est companies to work for and a mumele linear eogression model as l und unin the ttal ninter of M tw be added in the past year eval world de nu. Smlons), and the ha-me voluntary turnover 0%. The regression resubed in an SSR of 19 t64482 rd an SSE d 106786.354 Compite pas (n trough (d beer Calculate the test statistic STAT(Round to two decimal places as needed ) Determine the p-value The p value is Round to three decimal places as needed) Stale the conclusion Since the p-value is ? | ran the level of sigrtance b. Interpret the meaning of the p-value Choose tihe correct answer below O A. The the null hypothesis There is evidence to concade there is a lineat relationship p-value is the probability of getting an overall test statistik equal to or less than the sample reult assuming there is no linear relationship between the dependent variable and the Independent variabáes assuning hee s no inear-anon hip betwenhe dependent ran ble and to nd pendent w is me probati, e' gem g an overa. test statistic equal to or greier Punthe sampleres O C. The p vahe is the probuahility hst there is a lrvea elatonship betwon the two indegenden verubles -value is the probablity that there i.. Snear retationstep between uie dependem variable and at least ens of the "dependent velabus Clck to select your answerts)Explanation / Answer
F stat =SSR/SST=SSR/(SSR+SSE)=19864482/(19864482+106286354)=0.16
degree of freedon =prdictor variable p=3 and n-p-1=98
for above test stat and given degree of freedom p value =0.923
since the p value is less than the level of s sig,, fail to reject the null hypothesis there is not sufficient evidence ,,,,,,,,,
b)
option B is correct
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