Linear Regression of Job Satisfaction

Linear regression plots a line between our data that minimizes the least squared difference between the data points and the regression line (Wooldridge 2009). This model allows us to generate estimates of the magnitude of impact of a one-unit increase in our independent variable on our dependent variable on average in the population of interest (Moore, McCabe Craig, 2009).Advertising We will write a custom essay sample on Linear Regression of Job Satisfaction specifically for you for only $16.05 $11/page Learn More It makes a few key assumptions, mostly that the individuals—and specifically, the residuals, or the distances between these data points and the line—are independently and identically distributed (Wooldridge 2009). If these assumptions are met, this approach is the best linear unbiased estimator. This generalized linear model is the basis for other statistical procedures, like ANOVA and t-tests (Trochim 2006a). We plan to analyze our data using this method of analysis to assess three research questions: how self-rated satisfaction on intrinsic, extrinsic, and overall job satisfaction scales, respectively, predicts satisfaction with employer benefits. Specifically, these variables are all continuous variables that measure how people rank their satisfaction on a range from 1 to 7. Association of Benefits and Intrinsic Job Satisfaction In order to assess the extent to which intrinsic job satisfaction predicts satisfaction with benefits, we can fit the following regression line: where benefits is our dependent variable (or â€Å"y†), represents the constant, or the intercept; represents the coefficient associated with the effect of a unit increase in the intrinsic score, and is the error term for each individual in the regression. Our results suggest that there is a small, positive, non-significant relationship between intrinsic satisfaction and benefits. Specifically, our intercept is 5.199 and the slop e of the line, or the one unit difference in the intrinsic score, is 0.033. In other words, a score of 0 on the intrinsic scale would be associated with a 5.2 (though this is out of the range of our data, since the scale does not go to 0), and a one unit increase in the intrinsic score would raise the benefits score, on average, by 0.032 points. While the intercept is significantly different from 0 (p0.001), the intrinsic variable is not significantly different than 0 (p=0.49). The correlation coefficient of this model, or the extent of the variation in the benefits outcome explained by theis model, is 0.016, which is quite small.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Association of Benefits and Extrinsic Job Benefits In order to assess the extent to which intrinsic job satisfaction predicts satisfaction with benefits, we can fit the following regression line: where benefits is ou r dependent variable (or â€Å"y†), represents the constant, or the intercept; represents the coefficient associated with the effect of a unit increase in the extrinsic score, and is the error term for each individual in the regression. Our results suggest that there is a small, negative, significant relationship between extrinsic satisfaction and benefits. Specifically, our intercept is 6.35 and the slope of the line, or the one unit difference in the intrinsic score, is -0.19. In other words, a score of 0 on the extrinsic scale would be associated with a 6.4 (though this is out of the range of our data, since the scale does not go to 0), and a one unit increase in the extrinsic score would lower the benefits score, on average, by -0.19 points. The intercept and extrinsic score are both significantly different from 0 (p0.001. The correlation coefficient of this model, or the extent of the variation in the benefits outcome explained by this model, is 0.42, which is quite larg e. Association of Benefits and Overall Job Benefits In order to assess the extent to which overall job satisfaction predicts satisfaction with benefits, we can fit the following regression line: where benefits is our dependent variable (or â€Å"y†), represents the constant, or the intercept; represents the coefficient associated with the effect of a unit increase in the overall score, and is the error term for each individual in the regression. Our results suggest that there is a small, positive, non-significant relationship between overall satisfaction and benefits. Specifically, our intercept is 5.73 and the slope of the line, or the one unit difference in the overall score, is -0.13. In other words, a score of 0 on the overall scale would be associated with a 5.7 (though this is out of the range of our data, since the scale does not go to 0), and a one unit increase in the overall score would lower the benefits score, on average, by -0.13 points. While the intercept is si gnificantly different from 0 (p0.001), the overall variable is not significantly different than 0 (p=0.18).Advertising We will write a custom essay sample on Linear Regression of Job Satisfaction specifically for you for only $16.05 $11/page Learn More The correlation coefficient of this model, or the extent of the variation in the benefits outcome explained by this model, is 0.06, which is quite small. Comparing Results The results were markedly different with respect to the direction and magnitude of the effect of the satisfaction scales. For example, intrinsic had a very small, positive effect, though it was not significant, while the other two scales had a negative relationship. It might be that the extrinsic perceptions of satisfaction are inversely related with benefits—for someone who really likes their work, benefits matter less. However, for someone’s instrinsic satisfaction, benefits are positively associated—the intrinsic ly happier with the job, the happier with the benefits. However, it could also be that the direction of the intrinsic variable is due to chance. It wasn’t significantly different from 0 and could be a function of small sample size. The extrinsic regression produced a very high correlation coefficient, which further makes the point that its association with benefits satisfaction is strong. As mentioned earlier, it could be that extrinsic satisfaction and benefits are strongly correlated in a way that other factors are not necessary for explaining their effects. References Moore, D.S., McCabe G.P., Craig, B.A. (2009). Introductionto the practice of statistics.6th Ed.New York : W.H. Freeman. Trochim, W.R. (2006a). Research Methods Knowledge Base.  http://www.socialresearchmethods.net/kb/dummyvar.php Trochim, W.R. (2006b). Research Methods Knowledge Base.  http://www.socialresearchmethods.net/kb/genlin.phpAdvertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Wooldridge, J.M. (2009). Introductory Econometrics. 4th Ed. Mason, OH: South-Western Cengage. This essay on Linear Regression of Job Satisfaction was written and submitted by user Carter B. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Stakeholder Relationships Student Copy Essays

Stakeholder Relationships Student Copy Essays Stakeholder Relationships Student Copy Paper Stakeholder Relationships Student Copy Paper Secondary stakeholders c. Primary stakeholders d. Investors e. Customers 4. A firm that makes use of a recognizes other stakeholders beyond investors, employees, and suppliers, and explicitly acknowledges the ;o-way dialog that exists between a firms internal and external environments. A. Stakeholder model of corporate governance b. Stakeholder bias c. Code of ethics d. Stakeholder interaction model e. Corporate interface model 5. The degree to which a firm understands and addresses stakeholder demands can be referred to as a. A stakeholder orientation. A shareholder orientation. C. The stakeholder interaction model. D. A two-way street. E. A continuum. 6. Which of the following is not a method typically employed by firms when researching relevant stakeholder groups? A. Surveys b. Focus groups . Internet searches d. Press reviews e. Guessing 7. A stakeholder orientation can be viewed as a(n) a. Necessity for business success. B. Continuum. C. Popularizing concept. D. Good marketing p loy. E. Expensive proposition. 8. Shareholders provide resources to an organization that are critical to long term success. Which of the following does the book suggest that suppliers offer? A. The promise of customer loyalty b. Material resources and/or intangible knowledge c. Infrastructure d. Revenue e. Leadership skills 9. Which of the following is not associated with the stakeholder interaction model? A. Involves a two-way relationship between firm and stakeholders b. Recognizes the input of investors, employees, and suppliers c. Explicitly acknowledges dialogue with a firms internal environment d. Explicitly acknowledges dialogue with a firms external environment e. Accountability, oversight, and control all fall under the definition and implementation of corporate a. Profit. B. Loyalty. C. Care. D. Governance. E. Diligence. 15. Major corporate governance issues normally involve the response that is most correct) a. Strategic-level b. Tactical-level c. Divisional-level d. Marketing-level e. Accounting-level decisions. (Choose 16. Which of the following is a major ethical concern among corporate boards of directors? A. Compensation b. The non-traditional directorship approach c. Dividend reporting d. Corporate social audits e. Debt swaps 17. One policy to address the issue of executive pay was implemented by J. P. Morgan, it stated that a. There should be no limit on what top executives can earn. B. Managers should earn no more than twenty times the pay of other employees. C. Top managers should make the same amount as other employees. D. Employees can determine how much managers make. E. The government should determine the worth of each managers service. 18. The specific steps for implementing the stakeholder perspective do not include which of the following? A. Identifying stakeholder groups b. Identifying stakeholder issues c.

Final Essay Example | Topics and Well Written Essays - 750 words

Final - Essay Example The North/South conflict in The Octoroon elaborated on the consequence of the secession of southern states, particularly Louisiana, from the United States. It gave rise to the prohibition from marriage of Whites and Octoroons or those which bears 1/8 black heritage. The segregation between Whites and those with black heritage were presented so critical in the play. In Shenandoah, marriage or romantic relationship was not emphasized. The North/South conflict was introduced as it is. Conflict of interest due to the regional associations of the character which complicated issues relating to personal engagements. In the latter, the political facet of the North/South conflict was stressed. [Student’s Last Name] 2 2. From the late 19th century to early 20th century, there were significant changes in the entertainment as a business. What were those changes and how do they reflect what we see in the entertainment today? In the later part of the 19th century, the United States develope d home entertainment, theatrical shows and folk music and dances as observed and eventually copied from different countries like Ireland, Canada and Germany. The entertainment industry in the United States focused more on consolidating different types of culture into one state aiming for a centralized entertainment that would attract more audience around the globe. Immigration surged and many foreign artist were recruited for different theatrical and musical productions which contributed a lot to the entertainment industry of the US. In 1880, years after the Civil War and the widespread emancipation of Blacks, a great variety of performers and artists flocked into one. As we can see today, Blacks are given equal opportunity. Also, more and more foreign artists are immigrating to the US to pursue career in music. 3. How were the immigrant/ethnic acts in vaudeville different from the other entertainments we’ve studied that featured people who were different from the â€Å"norm al† citizen? In principle, foreign citizens or immigrants or both essentially had their individual upbringing. Since they have grown up with the kind of culture which is customary and prevalent in their mother nations, it would most likely be reflected on their entertainment style, whether it is in music, dance, comedy, magic or any other type of artistic skill. [Student’s Last Name] 3 In 1880, years after the American Civil War, the United States started to embrace variety in entertainment. There was a mixture in the entertainment industry with different races and colour transpired into the performances of many immigrant performers. The acts in vaudeville of immigrants differ from the normal citizen largely because of cultural variations and customary influence which until now is still apparent just like musicals which play in Broadway that depict some of the old English love stories and events. PART II 1. Compare the character of the American people as it is exhibited in The Octoroon with the character as seen through Buffalo Bill’s Wild West. What changed and what remained the same? How do they compare with our attitudes about similar issues today? More than just the recurring scenes featuring cowboys, shooting and horses, Buffalo Bill’s Wild West highlighted the kind of life there was in the west or the so-called