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Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary=11,507.30+3258.45(Education)+811.24(Experience) Suppose an employee with 10 years of
Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary=11,507.30+3258.45(Education)+811.24(Experience) Suppose an employee with 10 years of education has been with the company for 12 years (note that education years are the number of years after 8th grade). According to this model, what is his estimated annual salary?
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