Problem regarding the financial advising

Assignment Help Basic Statistics

Reference no: EM131009416

Financial advising

(a) Starting with the model in Table 4, add both Em- ployment and Annual Payroll to the model. Does adding this pair improve the fit of the model by a statistically significant amount?

(b) Instead of adding the pair as in (a), add the ratio Annual Payroll/Employment (average payroll salary). Does adding this ratio produce a statistically significant improvement?

Reference no: EM131009416

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