Business homework help
Business homework help. R-squared=0.3182Where the variables are described as follows_salary= CEO compensation, in $1000sales= firm sales, in $millionsmktval= the market value of the firm , in $millionsceoten= the number of years as CEO with the companya. What is the impact on CEO salary, of a 50% increase in the firm’s market value?b. What is wrong with the statement: “A 10% increase in sales revenue is associated with about a 16.3% increase in salary”?c. Interpret the coefficient of the variable ceoten.d. With a 5% significance level, test the hypothesis that a longer tenure ha a positive effect on the CEO salary. e. A company in out sample currently has a market value of $23,200 millions, a total revenue from sales evaluated at $6,200 millions, and a CEO who has been with the firm for 2 years already. Calculate the estimated ln(salary) of this company’s CEO.f. With a 5% significance, are the variables sales, market value, and CEO tenure, jointly significant predictors of CEO salary?