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Twenty-One Executives in a Large Corporation Were Randomly Selected to Study

Question 67

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Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow: Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to, and the level of their responsibility. The results of the regression analysis follow: What proportion of the total variation in salary is accounted for by the set of independent variables? What proportion of the total variation in salary is accounted for by the set of independent variables?

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