What is the regression equation

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Reference no: EM131041251

The CEO asks the HR team for your organization to evaluate the training, retention, and forecasting processes currently in place. The CEO requests that you assess each process individually and send her a memo on your findings. Your team must write three separate memos of no more than 700 words each regarding the status of the training, retention, and forecasting programs. In each memo, provide a recommendation for how to improve the program.

Finally, write a summary of no more than 700 words explaining your recommendations for the training, retention, and forecasting and how they, together, will affect the company as a whole. Use the data below to develop your evaluation.

The organization has been conducting compliance training to ensure that managers understand the law, and the CEO wants to know whether the investment is worth the expense. Your organization development department conducted a pretest and a posttest assessment to determine if managerial knowledge of the law had significantly increased. Here is what they found at three different company locations:

Region 1

 

Region 2

 

Region 3

 

Pretest

Posttest

Pretest

Posttest

Pretest

Posttest

18

21

5

13

20

27

4

11

4

16

19

26

7

24

3

22

6

14

12

22

11

21

7

23

13

26

1

12

7

22

20

26

10

25

16

20

16

26

7

13

7

25

12

24

4

11

9

19

19

22

3

16

7

13

7

26

 

 

 

 

12

15

 

 

 

 

15

22

 

 

 

 

16

23

 

 

 

 

17

22

 

 

 

 

12

25

 

 

 

 

 

 

 

 

 

 

Total

Total

Total

Total

Total

Total

200

335

48

149

98

189

Given the supplied data, apply your knowledge of statistical tests and techniques to select the type that you should conduct to determine the effectiveness of the training. Based on the results of the test, what would you recommend? Should the training continue? Is there a statistically significant difference in scores between the three locations where compliance training has been conducted? How can you tell?

The organization is also attempting to forecast good managerial candidates based on assessment tests that have been given in a management training program. Based on the mean scores for each assessment, who would you recommend to continue in the managerial training program? Why?

Candidate

Competency Assessment

Communication Skills

Math

A

4.25

3.41

65%

B

4.67

3.04

70%

C

3.58

2.3

55%

D

4.75

3

50%

E

4.33

3.78

65%

F

4

3.2

65%

G

4.42

1.96

60%

H

3.08

4.26

65%

I

3

3.03

75%

J

4.33

3.74

65%

K

4.83

3.41

75%

L

3.75

3.81

60%

M

4

3.85

75%

N

3.33

3

50%

You have also been given some information regarding average salary levels of managers after one year with the company, as well as the retention rates for first year managers for 10 office locations. Based on what you have been given, is there a correlation between salary levels and retention? What is the regression equation? How much variance is explained in retention levels based on salary?

Salary

Turnover

$25,000

15%

$35,000

10%

$46,000

12%

$27,500

18%

$33,000

10%

$40,000

5%

$38,000

8%

$43,000

6%

$50,000

5%

$29,000

14%

Reference no: EM131041251

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