Consider the prediction of annual salary from age and experience.
a. Find and interpret the regression equation and regression coefficients.
b. Find and interpret the standard error of estimate.
c. Find and interpret the coefficient of determination.
d. Is the model significant? What does this tell you?
e. Test each regression coefficient for significance and interpret the results.
f. Find and interpret the standardized regression coefficients.
g. Examine the diagnostic plot and report serious problems, if there are any.