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; we can conclude that at α = 0.05,

Question

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; we can conclude that at α = 0.05,

Answer

the multiple regression model is statistically significant in explaining the size of company bonuses

Answer

the number of employees at the company is a significant variable in explaining the size of company bonuses

Answer

whether or not the employees are unionized is a significant variable in explaining the size of company bonuses

Answer

all of the above

Crowdly

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

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