Variation of employee salaries


Question: Beta Technologies, Inc., is trying to determine the variable that best explain the variation of employee salaries using a simple of 52 full time employees illustrated below. I need to identify which of the following has the strongest linear relationship with annual salary: the employee's gender, age, number of years of relevant work experience prior to employment at Beta, number of years of employment at Beta, or number of years of postsecondary education. provide support for your conclusion.

Beta Technologies, Inc. Employee Salary Structure

Gender Age Prior_Experience Beta_Experience Education Annual_Salary
1 39 5 12 4 $38,450
0 44 12 8 6 $50,912
0 24 0 2 4 $29,356
1 25 2 1 4 $27,750
0 56 5 25 8 $109,285
1 41 9 10 4 $48,442
1 33 6 2 6 $40,207
0 37 11 6 4 $42,331
1 51 12 16 6 $87,489
0 23 0 1 4 $26,118
0 31 5 4 6 $41,956
1 27 0 8 0 $17,439
0 47 11 9 4 $49,638
1 35 5 5 6 $43,184
1 29 5 4 0 $14,371
0 46 4 15 6 $54,613
1 50 10 17 4 $76,927
0 30 3 6 4 $38,556
1 34 10 1 4 $37,183
1 42 11 8 4 $50,712
1 51 10 15 8 $90,473
0 63 16 20 4 $93,588
0 28 0 5 4 $36,901
1 32 4 1 4 $33,100
0 55 11 16 6 $89,867
1 45 20 2 4 $51,259
0 34 2 12 2 $19,106
0 33 2 7 4 $39,224
1 23 0 1 4 $28,743
0 40 4 13 6 $54,965
1 48 6 15 4 $53,388
1 27 0 6 0 $18,014
1 36 5 5 6 $39,205
0 58 9 22 4 $88,763
0 31 1 1 6 $35,829
1 21 0 1 2 $17,784
0 47 5 16 4 $54,199
1 35 3 7 4 $36,932
1 52 12 14 8 $93,278
0 29 3 3 2 $22,100
1 42 11 7 4 $49,987
0 60 10 21 4 $85,471
1 50 8 13 4 $51,194
1 33 1 2 6 $36,109
0 26 0 5 2 $21,750
0 38 6 6 6 $39,455
1 44 7 12 4 $49,861
0 25 0 3 4 $30,327
1 37 8 5 4 $31,008
0 53 13 13 6 $90,874
0 46 7 18 4 $57,966
1 20 0 1 0 $15,945

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Variation of employee salaries
Reference No:- TGS02000578

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)