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An HR department is interested in developing a model to explain mid-level manager compensation. They have a data set with the salary level (Comp) for

An HR department is interested in developing a model to explain mid-level manager compensation. They have a data set with the salary level (Comp) for 36 managers. Included is a measure of business unit profit (Profit), years of service (tears) , and an indicator that identifies managers with a graduate degree (Grad).

Build a regression model that predicts Comp from the 3 variables along with the interaction between Profit and Grad, and the interaction between Years and Grad.

Based on the results of this model, what is the average salary for a manager with 10 years of service, no graduate degree, and a business unity that earns 5,000 profit. (Enter your answer rounded to the nearest dollar)

Comp Profit Years Grad
118100 4500 37 1
90800 5400 5 1
79000 3600 28 0
115700 5800 3 1
97100 4200 11 1
51600 3500 10 0
88400 2200 27 1
107600 3500 22 1
75100 4500 23 0
60500 2500 4 1
69800 2200 5 1
69300 3000 8 1
127400 5200 33 1
82200 5600 14 0
123300 4700 19 1
50800 4100 7 0
60500 2200 33 0
71100 4500 23 0
50100 2300 20 0
87600 4400 20 1
68300 2600 9 1
90700 5700 18 0
81600 5600 26 0
68200 3800 22 0
80600 4900 24 0
69500 2600 3 1
97200 5800 30 0
93600 5200 32 0
75900 2400 11 1
78500 3100 28 0
88100 2100 17 1
99500 4900 31 0
87700 5000 12 1
63000 3400 23 0
93200 4600 20 1
85000 4200 29 0

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