The State of Virginia has instituted a series of Standards of Learning (SOL) tests in math, history,
Question:
a. Using Excel, develop the multiple regression equation for these data.
b. What is the coefficient of determination for this regression equation? Do you think the superintendent is correct in his beliefs?
c. Montgomery County has an average SOL score of 74 with an average teachers salary of $27,500 and an average teacher tenure of 7.8 years. The superintendent has proposed to the school board a salary increase that would raise the average salary to $30,000 and a benefits program with a goal of increasing the average tenure to nine years. He has suggested that if the board passes his proposals the average SOL score will increase to 80. Is he correct according to the forecastingmodel?
Step by Step Answer:
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor