Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manager for a company wants to predict the annual salary,y ,in thousands of dollars for employees working for the company, given their starting annual
A manager for a company wants to predict the annual salary,y
,in thousands of dollars for employees working for the company, given their starting annual salary in thousands of dollars,x
1
, the number of years at the companyx
2
, and the number of years of educationx
3
. She obtains the regression equationy
=22.882+0.672x
1
+0.495x
2
+0.713x
3
. Predict the salary (in dollars) of an employee who has been at the company for12
years, started at an annual salary of$41,000
, and has16
years of education. Round to the nearest whole dollar.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started