Data were collected on company bonuses (in $), the number of employees at the company and whether or not the employees were unionized (1 = yes; 0 = no) on a sample of 30 randomly selected observations. Using the accompany Excel output, which of the statement(s) is correct?

Question

Dummy Variable Union and Productivity

Answer

On average, the annual average bonus for unionized companies is 5253 less than non-unionized companies of the same size

Answer

On average, the annual average bonus for unionized companies is 5253 more than non-unionized companies of the same size

Answer

The interaction of   Employees*Union  indicates that increasing number of employees will have different impact on average bonus by union status

Answer

Doesn’t make any sense to include the interaction   Employees*Union

Answer

both (b) and (c) are correct

Crowdly

Data were collected on company bonuses (in $), the number of employees at the co...

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