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Using the Output Below, Calculate the Predicted Turnover Rate for a Company

Question 6

Multiple Choice

Using the output below, calculate the predicted turnover rate for a company having a trust index score of 70 and an average annual bonus of $6500. Response Variable is Turnover Rate
R\mathrm { R } -squared =79.6= 79.6 \%

 Predictor  Coef  SE Coef  T  P  Constant 12.10050.782615.460.000 Trust Index 0.071490.019663.640.001 Average Bonus 0.00072160.00014814.870.000\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\ \text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\ \text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000 \end{array}


A) 3.5%3.5 \%
B) 4.2%4.2 \%
C) 1.9%1.9 \%
D) 2.4%2.4 \%
E) None of the above.

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