Fred G. Hire is the manager of human resources at Crescent Custom Steel Products. As part of his yearly report to the CEO, he is required to present an analysis of the salaried employees. For each of the 30 salaried employees, he records monthly salary; service at Crescent, in months; age; gender (1 = male, 0 = female); and whether the employee has a management or engineering position. Those employed in management are coded 0, and those in engineering are coded 1. Using salary as the dependent variable and the other four as independent variables, perform a multiple regression analysis.
Complete the Analysis of Variance table. (Round SS, MS to nearest whole number and F and p-value to 3 decimal places.)
Complete the following table. (Negative amounts should be indicated by a minus sign. Round your answers 3 decimal places.)
a. Determine the regression equation, using salary as the dependent variable and the other four variables as independent variables. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place.)
b. What is the value of R2? (Round your answer to 3 decimal places.)
c-1. State the decision rule H0: β1 = β2 = β3 = β4 = 0 versus Hi: Not all βi's = 0 at 0.05 significance level. (Round your answer to 2 decimal places.)
c-2. Compute the value of F. (Round your answer to 2 decimal places.)
c-3. Determine whether any of the independent variables are different from 0.
d-1. Conduct an individual test and state the decision rule at 0.05 significance level. (Negative amounts should be indicated by a minus sign. Round your answers 2 decimal places.)
d-2. Determine whether any of the independent variables can be dropped.
Compute the regression analysis using the independent variables service and gender.
e-1. Complete an ANOVA table. (Round SS, MS to nearest whole number and F and p-value to 3 decimal places.)
e-2. Complete the following table. (Round "t" to 2 decimal places, "p-value" to 3 decimal places and "Coefficient", "Standard deviation" to 1 decimal place.)
e-3. How much more does a man earn per month than a woman? (Round your answer to 1 decimal place.)