Create a correlation table for the variables in our data set
Create a correlation table for the variables in our data set. (Use analysis ToolPak or StatPlus:mac LE function Correlation.)
a. Reviewing the data levels from week 1, what variables can be used in a Pearson's Correlation table (which is what Excel produces)?
b. Place table here (C8):
c. Using r = approximately .28 as the signicant r value (at p = 0.05) for a correlation between 50 values, what variables are
significantly related to Salary?
To compa?
d. Looking at the above correlations - both significant or not - are there any surprises -by that I
mean any relationships you expected to be meaningful and are not and vice-versa?
e. Does this help us answer our equal pay for equal work question?
2 Below is a regression analysis for salary being predicted/explained by the other variables in our sample (Midpoint,
age, performance rating, service, gender, and degree variables. (Note: since salary and compa are different ways of
expressing an employee’s salary, we do not want to have both used in the same regression.)
Plase interpret the findings.
Ho: The regression equation is not significant.
Ha: The regression equation is significant.
Ho: The regression coefficient for each variable is not significant Note: technically we have one for each input variable.
Ha: The regression coefficient for each variable is significant Listing it this way to save space.
More Questions are attached...
10 years ago
Purchase the answer to view it
- solution1.xlsx