c. What is the number 0.286 called? O Regression coefficient O Coefficient of determination O Homoscedasticity O Multicollinearity d. As age increases by one year, how much does estimated performance on the new machine increase? (Round your answer to 3 decimal places.) The estimated performane increases by e. Carl Knox applied for a job at Photo Works. He has been in the business for 6 years and scored 280 on the mechanical aptitude test. Carl's prior on-the-job performance rating is 97, and he is 35 years old. Estimate Carl's performance on the new machine. (Round your answer to 3 decimal places.) Estimated performane

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c. What is the number 0.286 called?
O Regression coefficient
O Coefficient of determination
O Homoscedasticity
O Multicollinearity
d. As age increases by one year, how much does estimated performance on the new machine increase? (Round your answer to 3
decimal places.)
The estimated performane increases by
e. Carl Knox applied for a job at Photo Works. He has been in the business for 6 years and scored 280 on the mechanical aptitude
test. Carl's prior on-the-job performance rating is 97, and he is
(Round your answer to 3 decimal places.)
years old. Estimate Carl's performance on the new machine.
Estimated performane
Transcribed Image Text:c. What is the number 0.286 called? O Regression coefficient O Coefficient of determination O Homoscedasticity O Multicollinearity d. As age increases by one year, how much does estimated performance on the new machine increase? (Round your answer to 3 decimal places.) The estimated performane increases by e. Carl Knox applied for a job at Photo Works. He has been in the business for 6 years and scored 280 on the mechanical aptitude test. Carl's prior on-the-job performance rating is 97, and he is (Round your answer to 3 decimal places.) years old. Estimate Carl's performance on the new machine. Estimated performane
Thompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some
guidance with respect to qualifications needed by an operator. Is age a factor? Is the length of service as an operator (in years)
important? In order to explore further the factors needed to estimate performance on the new processing machines, four variables
were listed:
X1 = Length of time an employee was in the industry
X2 = Mechanical aptitude test score
X3 = Prior on-the-job rating
X4 = Age
Performance on the new machine is designated y.
Thirty employees were selected at random. Data were collected for each, and their performances on the new machines were
recorded. A few results are:
Length of Time in
Industry,
Performance on New
Mechanical Aptitude
Prior On-the-Job
Machine,
Score,
Performance,
Age,
Name
X1
X2
X3
X4
y
112
Mike Miraglia
Sue Trythall
12
312
121
52
113
2
380
123
27
The equation is:
ý = 11.6 + 0.4x1 + 0.286x2 + 0.112x3 + 0.002x4
a. What is this equation called?
O Multiple regression equation
O Multiple standard error of estimate
O Coefficient of determination
b. How many dependent and independent variables are there?
dependent,
independent.
Transcribed Image Text:Thompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some guidance with respect to qualifications needed by an operator. Is age a factor? Is the length of service as an operator (in years) important? In order to explore further the factors needed to estimate performance on the new processing machines, four variables were listed: X1 = Length of time an employee was in the industry X2 = Mechanical aptitude test score X3 = Prior on-the-job rating X4 = Age Performance on the new machine is designated y. Thirty employees were selected at random. Data were collected for each, and their performances on the new machines were recorded. A few results are: Length of Time in Industry, Performance on New Mechanical Aptitude Prior On-the-Job Machine, Score, Performance, Age, Name X1 X2 X3 X4 y 112 Mike Miraglia Sue Trythall 12 312 121 52 113 2 380 123 27 The equation is: ý = 11.6 + 0.4x1 + 0.286x2 + 0.112x3 + 0.002x4 a. What is this equation called? O Multiple regression equation O Multiple standard error of estimate O Coefficient of determination b. How many dependent and independent variables are there? dependent, independent.
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