A consulting group surveyed general mills inc employees to

Reference no: EM13585293

A consulting group surveyed General Mills, Inc. employees to research the factors that affect their satisfaction with their quality of life. A special index, called the index of satisfaction, was used to measure satisfaction. Six factors were studied: age at the time of first marriage (X₁), annual income (X₂), number of children living (X₃), value of all assets (X₄), status of health in the form of an index (X₅), and the average number of social activities per weekâ€"such as bowling and dancing (X₆). Suppose the multiple regression equation is:

= 16.24 + 0.017X₁ + 0.0028X₂ + 42X₃ + 0.0012X₄ + 0.19X₅ + 26.8X₆

(a)

What is the estimated index of satisfaction for a person who first married at 18, has an annual income of $26,500, has three children living, has assets of $156,000, has an index of health status of 141, and has 2.5 social activities a week on the average? (Round your answer to 3 decimal places.)

Estimated index

(b)

Which values would add more to satisfaction, an additional income of $10,000 a year or two more social activities a week? (Round your answers to 1 decimal place.)

Income added only to the index. Social activities added .

Reference no: EM13585293

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