Answer to Question #272538 in Management for philip mutua

Question

Question Two

A non-governmental organization has offices located in six regions. Given below is data on staffing and running costs in each of the regions

Number of staff

10

8

14

12

11

9

Running cost (‘000)

102

93

143

121

118

99

 

i)                            Determine the simple linear regression equation for this data                                        (8 marks)

 

 

ii)                          Using the equation in (i) estimate the cost of running an office with only 5 employees. (2 marks)

iii)      Compute the coefficient of correlation and coefficient of determination and interpret their values.                                                                                                                 (2 marks)

Answer 1

Cultural diversity is not a barrier for domestic businesses... For the assignment to be successful, expatriates do not need to understand their own culture as long as they understand the culture of the host country.