Quantitative Techniques in Business: Analysis of Income Factors Report

This report presents an analysis of quantitative techniques in business, focusing on the factors influencing income levels. The study employs descriptive statistics to analyze income, education, work experience, and job history data. Correlation analysis is used to identify relationships between these variables, revealing strong associations between income and education/experience. Regression analysis further explores these relationships, confirming a significant impact of education and experience on income. The findings support the hypothesis that education and work experience are key determinants of income, with implications for salary determination and workforce management. The report also includes recommendations for businesses to consider factors beyond education and experience when determining employee compensation.