BUS 308 Statistics for Managers Week 4 Problem Set Solution (2017)
Problem Set Week Four [CLOs: 3, 4, 5, 6]. Due by Day 7. This week we get to answer our equal pay for equal work question by looking at relationships between and among the different variables.
The first question this week looks at correlations and the creation of a correlation table for our variables. The second question asks for a regression equation showing how the different variables impact the compa-ratio measure. The third questions asks you to discuss the benefits of using a regression equation approach over the single variable tests we have been doing.
The forth question asks for what other information you would have liked to have analyzed in our research. The fifth question asks for your answer to the equal pay for equal work question of: Is the company paying fairly or not? If not, who benefits and why?
If needed, the data and assignment files can be found in the Course Materials link, at the bottom in the Multi- Media section.
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