Create a correlation table for the variables in our data set

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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.

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  • 10 years ago
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