Create a correlation table for the variables in our Employee Salary Data

Business & Finance
Price: $15 USD

Question description

  1. Create a correlation table for the variables in our Employee Salary Data .  (Use analysis ToolPak or the StatPlus:mac LE software function Correlation.)
    1. Interpret the results. What variables seem to be important in seeing if we pay males and females equally for equal work?
  2. Below is a regression analysis for salary being predicted/explained by the other variables in our sample  (Mid, age, ees, sr, raise, and deg variables.) 
    Note: since salary and compa are different ways of expressing an employee’s salary, we do not want to have both used in the same regression.
  3. Perform a regression analysis using compa as the dependent variable and the same independent variables as used in question 2.  Show the result, and interpret your findings by answering the same questions.
    Note: be sure to include the appropriate hypothesis statements.
  4. Based on all of your results to date, is gender a factor in the pay practices of this company?  Why or why not? Which is the best variable to use in analyzing pay practices - salary or compa? Why?
  5. Why did the single factor tests and analysis (such as t and single factor ANOVA tests on salary equality) not provide a complete answer to our salary equality question? What outcomes in your life or work might benefit from a multiple regression examination rather than a simpler one variable test?
Equal_Pay___Student_Rev week 5.xls 

Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors