Question 2 of 3, Step 1 of 2
1/4
Correct
Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience.
Regression Statistics
Multiple R 0.7339
R Square 0.5386
Adjusted R Square 0.5185
Standard Error 2137.5200
Observations 49
ANOVA
df SS MS F Significance F
Regression 2 245,370,679.3850 122,685,339.6925 26.8517 1.9E-08
Residual 46 210,173,612.6150 4,568,991.5786
Total 48 455,544,292.0000
Coefficients Standard Error t Stat P-value Lower 95 % Upper 95 %
Intercept 14290.37278 2,528.5819 5.6515 0.000000961 9200.6014 19,380.1442
Education (Years) 2350.8671 338.1140 6.9529 0.000000011 1670.2789 3031.4553
Experience (Years) 829.3167 392.5627 2.1126 0.040093183 39.129 1619.5044
Step 1 of 2: What would be your expected salary with no education and no experience?