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Statistics
Suppose that the Laren Company recently bought the Northern Company and terminated 20 of Northern's employees. To determine how generous the severance package had been, a random sample of 50 Laren ex-employees was taken. For each the following variables were recorded:
Number of weeks of severance pay =5 weeks Age of employee= 36 Number of years with the company=10 Annual pay (in thousands of dollars)=32,000 A) Determine the regression equation. B) Comment on how well the model fits the data C) Do all the independent variables belong in the equation? Explain |
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