Short Answer
Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output:
-What is the proportion of the variation in salary accounted for by the set of independent variables?____________
Correct Answer:

Verified
Correct Answer:
Verified
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