43. It is certainly plausible that workers are less likely to quit their jobs when wages are high than when they are low

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43 It Is Certainly Plausible That Workers Are Less Likely To Quit Their Jobs When Wages Are High Than When They Are Low 1 (35 KiB) Viewed 43 times

43. It is certainly plausible that workers are less likely to quit their jobs when wages are high than when they are low. The paper Investigating the Causal Relationship between uits and Wages" presented the accompanying data on average bourly wages and y-quitrate (number of employees per 100 who left jobs during 1986) Each observation is for a different industry * 8.20 10.35 6.18 5.37 994 0.11 10:59 13.20 7.00 5.54 7.50 6.43 8.83 10.93 8.80 14 2.6 3.4 1.71710 5 3. 21 2.0 1.8 1.914 12.0 The following is the Minitab output Predictor Coel Sidev t-ratio P 4.8615 0,5201 935 0.0000 Was 94655 0.05866 -5.91 0.0000 0.4862 R-sg72.99 R-sq(adj) - 70.8% Analysis of Variance Constant DF SOURCE Regression Error Total F 34.90 MS 8.2507 0.2364 1 13 14 0.0000 SS 8.2507 3.0733 11.3240 1. Identify the slope and y-intercept for the LSRL for average hourly wages and quit rate b. What is the LSRL? c. What values do the values for slope and y-intercept model for the population? d. Find the 95% confidence interval for the slope of the line e Test the hypothesis that there is a linear relationship between average hourly wages and quit rate.