Question: 2. A multiple regression analysis based upon the data contained in Table 7.5 reveals the following (f statistics in parentheses) Profit/Emp.= 1,269.016 + 0.220 Ind.Profit/Emp.-l-

2. A multiple regression analysis based upon the data contained in Table 7.5 reveals the following (f statistics in parentheses)

Profit/Emp.= €1,269.016 + 0.220 Ind.Profit/Emp.-l-

(0.17) (2.33)

0.084 Rev./Emp.+ 0.004 Ass./Emp.

(8.22) (1.20)

R 2

= 89.7%, Fstatistic = 75.48 Interpret these results. Is profit per employee more sensitive to industry-specific or firmspecific factors for this sample of giant corporations?

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