Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Analyze the relationship between average Salary ($1000) and years of experience working. The data are listed here: Years of experience Average Salary ($1000) 20 25
Analyze the relationship between average Salary ($1000) and years of experience working. The data are listed here:
Years of experience Average Salary ($1000) 20 25 23 23 28 6 0 V O UT A W N 35 36 38 42 45 SUMMARY OUTPUT Regression Statistics Multiple R 0.9685293 R Square 0.9380497 Adjusted R Square 0.9303052 Standard Error 2.3257454 Observations 10Multiple R 0.9685293 R Square 0.9380497 Adjusted R Square 0.9303052 Standard Error 2.3257454 Observations 10 Coefficient Standard Lower Upper S Error t Stat P-value 95% Upper 95% Lower 95.0% 95.0% Intercept 16 1.5887866 10.070573 8.0538E- 12.336258 19.6637482 12.336258 19.663742 X Variable 1 2.8181812 0.2560562 11.006108 4.1315E- 2.2277154 3.4086483 2.2277154 3.4086483Step 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