In the model below, a model is estimated for the premium amount of employees in a...
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In the model below, a model is estimated for the premium amount of employees in a company operating on a bonus basis. In this company, different premium rate is applied for sales above 100 units. Îi = 120+ 3Xi + 2 (Xi - X Di Y: Sales Premium (TL) X: Sales Quantity (Piece) X* (Threshold Value) = 100 units D=0, up to 100 pieces D=1, after 100 pieces. a) Draw the graph of the estimated piecewise linear regression b) How much premium does a staff member who sells 150 units receive? c) How much premium does a staff member who sells 60 units receive? In the model below, a model is estimated for the premium amount of employees in a company operating on a bonus basis. In this company, different premium rate is applied for sales above 100 units. Îi = 120+ 3Xi + 2 (Xi - X Di Y: Sales Premium (TL) X: Sales Quantity (Piece) X* (Threshold Value) = 100 units D=0, up to 100 pieces D=1, after 100 pieces. a) Draw the graph of the estimated piecewise linear regression b) How much premium does a staff member who sells 150 units receive? c) How much premium does a staff member who sells 60 units receive?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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