Question

You are a personnel director and are interested in predicting the Number of Shares of Company...

You are a personnel director and are interested in predicting the Number of Shares of Company Stock (Y) using the Number of Years Employed with the Company (X). You randomly selected 8 employees and found that the average number of shares is 550 and the average number of years employed is 10.5. If the slope (b1) is 50.0, what is the least squares estimate of the intercept (b0)?

Select one:

40.0

25.0

None of these are correct

75.0

80.5

0 0
Add a comment Improve this question
Answer #1

intercept = ybar - slope * xbar

= 550 - 50 * 10.5

= 25

option B) is correct

Please give me a thumbs-up if this helps you out. Thank you! :)

Add a comment
Know the answer?
Add Answer to:
You are a personnel director and are interested in predicting the Number of Shares of Company...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • y2 36 49 1760 You are a personnel director and are interested in predicting the Number...

    y2 36 49 1760 You are a personnel director and are interested in predicting the Number of Shares of Company Stock (V) using the Number of Years Employed with the Company (X). You randomly selected 8 employees and obtain the following summary data: EmplNum NumberShares (Y) YearsEmployed (x) - XY X² 1 350 2100 122500 2 415 7 2905 172225 3 22 8 64 48400 4 520 4680 81 270400 5 355 10 3550 126025 640 8320 169 409600 7...

  • The personnel director of a large insurance company is interested in reducing the turnover rate of data processing clerks in the first year of employment

    The personnel director of a large insurance company is interested in reducing the turnover rate of data processing clerks in the first year of employment. Past records indicate that 25% of all new hires in this area are no longer employed at the end of one year. Extensive new training approaches are implemented for a sample of 150 new data processing clerks. At the end of a one-year period, 29 of these 150 individuals are no longer employed. At the...

  • A researcher is interested in determining the average number of years employees of a company stay with the company.

    A researcher is interested in determining the average number of years employees of a company stay with the company. If past information shows a standard deviation of 7 months, what size sample should be selected so that at 95% confidence the margin of error will be 2 months or less?

  • 11. Suppose you are interested in estimating the effect of hours spent in an SAT preparation cour...

    11. Suppose you are interested in estimating the effect of hours spent in an SAT preparation course (hours) on total SAT score (sat). The population is all college-bound high school seniors for a particular year. (i) Suppose you are given a grant to run a controlled experiment. Explain how you would structure the experiment in order to estimate the causal effect of hours on sat. (ii) Consider the more realistic case where students choose how much time to spend in...

  • 5 QUESTION 16 13)-19) A company analyst is interested in the relationship between number of cars...

    5 QUESTION 16 13)-19) A company analyst is interested in the relationship between number of cars sold per month (in 1,000s)) and three independent variables: price per gallon of gasoline (X1-Gas, in $), the prevailing interest rate for car loans (X2=Interest, in %), and the car model (X3-model, with X3=1, if the car is standard; and X3-0, if the car is luxury). He took a sample of 50 observations and obtained the following output: Coefficients Standard Errort Stat P-value Intercept...

  • HELP ASAP A human resources consultants investigating factors that might be useful in predicting the turnover...

    HELP ASAP A human resources consultants investigating factors that might be useful in predicting the turnover rate (Turnover) for a certain type of company Using a sample of 33 randomly selected companies, cata were collected on the average annual bonus the company pays (Bonus the turnover rate at the company Murnover, and the average degree of trust employees at the company have in upper management (rus), measured on a scale from 0 (no trust atato 100 (complete trust) Partial results...

  • QUESTION 16 13)-19) A company analyst is interested in the relationship between number of cars sold...

    QUESTION 16 13)-19) A company analyst is interested in the relationship between number of cars sold per month (in 1,000s) and three independent variables: price per gallon of gasoline (X1=Gas, in $), the prevailing interest rate for car loans (X2=Interest, in %), and the car model (X3=model, with X3=1, if the car is standard; and X3=0, if the car is luxury). He took a sample of 50 observations and obtained the following output: Coefficients Standard Errort Stat P-value Intercept 96.0744...

  • The table below gives the number of hours ten randomly selected students spent studying and their...

    The table below gives the number of hours ten randomly selected students spent studying and their corresponding midterm exam grades. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the midterm exam grade that a student will earn based on the number of hours spent studying. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line...

  • QUESTION 15 13)-19) A company analyst is interested in the relationship between number of cars sold...

    QUESTION 15 13)-19) A company analyst is interested in the relationship between number of cars sold per month (in 1,000s)) and three independent variables: price per gallon of gasoline (X1-Gas, in $), the prevailing interest rate for car loans (2-Interest, in %), and the car model (x3 model, with X3=1, if the car is standard, and X3.0, if the car is luxury). He took a sample of 50 observations and obtained the following output: Coefficients Standard Errort Stat P-value Intercept...

  • The coefficient of linear correlation between the sales and the number of employees is found to...

    The coefficient of linear correlation between the sales and the number of employees is found to be r=-0.66. Which of the following values cannot be the slope of the line of the linear regression? -2.7 . -1.8 -1.9 1.5 QUESTION 28 Management of a soft-drink bottling company wants to develop a method for allocating delivery costs to customers. The manager wants to analyze the relation between the time required to unload the cases of soft drink at the delivery point...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT