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INDUSTRIAL PROCESS: The three skills included in the composite skill are

Equipment selection, Equipment Maintenance and Repairing . These skill sets


are chosen because the topics are interrelated in the industry to buy, maintain,
repair the process undergo to a good productivity in the industry
Correlation matrix of the skills:
Industrial possess
Equipment selection
Equipment
Maintenance
Repairing

Equipment
selection
1
0.83

Equipment
Maintenance
0.83
1

Repairing

0.92

0.92

0.84
0.92

Solution management: The three skills included in the composite skill are
complex problem solving, critical thinking and judgement and decision making.
These skill sets where chosen because people possessing such a skill set allows
us to identify and dismantle complex problems and to select the best outcome
among the alternatives.
Correlation matrix of the skills:
solution
management

Complex
problem solving

Critical thinking

Complex problem
solving
Critical thinking
Judgement and
decision making

0.89

Judgement
and decision
making
0.88

0.89
0.88

1
0.88

0.88
1

The Regression Summary Output shows that the model has a R-square
value is 0.2823 i.e. the model explains for 28% change in the independent
variable.
The F-test on the regression shows that the null hypothesis of all the
coefficients of the explanatory variables being zero has to be rejected as
the F-stat value is greater than 4.0 and Significance-F value is less than 0.05
i.e. their values are greater than the threshold.
The T-test on the coefficients to reject or accept the null hypothesis
of each of the coefficients being zero based on threshold levels of the
corresponding t-stat and p-value of each of the coefficients.

Bachelors the absolute value of t-stat is greater than 2.0 and p-value is
less than 0.05, hence the coefficient of bachelors is statistically significant
and its expected sign is negative. Bachelors coefficient is -0.0028.
Masters the absolute value of t-stat is greater than 2.0 and p-value is
less than 0.05, hence the coefficient of masters is statistically significant and
its expected sign is negative. Masters coefficient is -0.0027.

Public Relations the absolute value of t-stat is less than 2.0 and p-value
is less than 0.05, hence the coefficient of resource management is statistically
significant. Public relations coefficient is 0.0017.
Solution Management the absolute value of t-stat is greater than 2.0
and p-value is less than 0.05, hence the coefficient of product analysis is
statistically significant and its expected sign is negative. Solution
management coefficient is -0.0026 .
Industrial Process the absolute value of t-stat is lesser than 2.0 and pvalue is greater than 0.05, hence the coefficient of creative thinking is
statistically insignificant and its expected sign is negative. Industrial process
coefficient is -0.0003.