1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
3 years ago
10

Compensation professionals in XYZ Company use regression analysis to determine the pay rates of its marketing professionals. The

re are 4 different marketing job titles in XYZ Company. Compensation professionals use job evaluation points assigned to each marketing job title and a salary survey data. In other words, they regress job evaluation points on the salary data. What does it mean when the R2 value of this regression turns out to be 0.85
Mathematics
1 answer:
alexdok [17]3 years ago
5 0

Answer: This means that the salaries of their marketing professionals are not closely related to their job titles. In further explanation, this shows that a professional with a higher job title, may be paid a lower salary when compared to a professional with a lower job title.

A 0.85 R-Squared shows that the points are far from the trend lines. From this, we can assume that the marketing professionals are paid base on commission on sales, and not base on job position.

Step-by-step explanation: R-Squared is a measure used in statistics, to represent how much proportion of the dependent variables that is explained by the independent variables. A high value of R^2 shows a very low correlation between the dependent and independent variables, while a low value of R^2 shows that the dependent and independent variables are closely related. The R-Squared value are a measure of percentage value.

You might be interested in
Joseph needed $125 to buy a new pair of jordan's. His neighbor will pay him $6 per hour to walk his dog and his mother gave him
AveGali [126]

Answer: 14⅝ hiurs

Step-by-step explanation:

Based on the information given in the question, we can form an equation which will be:

8 + 6h = 125

where, h = number of hours

6h = 125 - 8

6h = 117

h = 117/8

h = 14 ⅝hours

Therefore, minimum amount of hours he will need to walk the dog in order for him to buy a new pair of Jordans is 14⅝ hours.

4 0
3 years ago
One car costs $18,942.
oksian1 [2.3K]

Answer:

28,130

Step-by-step explanation:

18,942+9188=28,130

7 0
2 years ago
Read 2 more answers
An airplanes altitude changes -378 feet over 7 minutes. What was the mean change of altitude in feet per minute?
Natalija [7]
Average rate= change in alt / change in time

r=-378/7=-54ft/min
4 0
3 years ago
Read 2 more answers
What is the answer to (−2)³
svetlana [45]

(−2)³ = (-2)(-2)(-2)

Note that:

two negative numbers multiplied together results in a positive

one negative and one positive number multiplied results in a negative

Multiply:

(-2)(-2) = 4

4(-2) = -8

-8 is your answer

hope this helps

4 0
3 years ago
Read 2 more answers
What is the length of VS?
hram777 [196]

Answer:

use pythag

half 5 = 2.5

half 12 = 6

6^2 + 2.5^2=42.25

42.25 sprout =13/2= 6.5

answer = 6.5

4 0
3 years ago
Other questions:
  • A polygon has an interior angle sum of 2520゚. How many side must the polygon have
    10·1 answer
  • Stacy rowed across the lake with her friend Rainey (in the same boat) at a rate of 4 mph. Rainey then rowed back at a rate of 3
    6·2 answers
  • Solve for j.<br> 2j - k= 5
    14·1 answer
  • Each of the 60 students in math curriculum is taking at least one of the three math course offered. Forty-six are taking consume
    8·2 answers
  • Five times a number is the same as two times a number added 21
    9·1 answer
  • Solve the equation below.<br><br>f(x)=2-x​
    8·2 answers
  • R + 4s = -8<br> 3r + 2s = 6
    9·2 answers
  • I need help I need help I need help I need help I need help I need help I need help I need help I need help I need help I need h
    13·2 answers
  • Sal bought x shares of a stock that sold for 31.50 per share. He paid a 1% commission on the sale. The total cost of his investm
    6·1 answer
  • Solve the system. y = -x +3 and y = 4x -2 What is the x-value?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!