Question: Below you will find current annual salary data and related information for 30 employees at Gamma Technologies, Inc. These data include each selected employees gender
Below you will find current annual salary data and related information for 30 employees at Gamma Technologies, Inc. These data include each selected employees gender (1 for female; 0 for male), age, number of years of relevant work experience prior to employment at Gamma, number of years of employment at Gamma, the number of years of post-secondary education, and annual salary. The tables of correlations and covariances are presented below. Please answer a,b, & c below.
Table of Correlations
-1.png)
Table of Covariances (variances on the diagonal)
-2.png)
a. Which two variables have the strongest linear relationship with annual salary?
b. For which of the two variables, number of years of prior work experience or number of years of post-secondary education, is the relationship with salary stronger? Justify your answer.
c. How would you characterize the relationship between gender and annual salary?
Gamma Prior Age Gender Salary Education Exp Exp Gender Age -0.111 0.054 -0.203 -0.039 -0.154 1. Prior Exp 0.8 0.916 0.587 0.434 0.723 Gamma Exp Education Salary 1. 0.518 0.923 0.342 0.87 0.617 1. Gamma Prior Exp Age Education Salary Gender Exp Gender Age Prior Exp Gamma Exp 0.259 -0.633 134.051 0.117 39.06 -0.7 72.047 -0.033 -1825.97 249702.4 73699.75 143033.3 24747.68 19.045 17.413 3.14 49.421 3.987 Education 2.947 9.951 584640062 Salary
Step by Step Solution
3.33 Rating (153 Votes )
There are 3 Steps involved in it
Table of Correlations Gender Age Prior Exp Gamma Exp Education Salary Gender 1 Age 0111 1 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1368-B-M-A-V-C(2118).xlsx
300 KBs Excel File
