Question
Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary=10,340.10+2869.8(Education)+881.55(Experience) Suppose an employee with 8years of education
Consider the following estimated regression model relating annual salary to years of education and work experience.
Estimated Salary=10,340.10+2869.8(Education)+881.55(Experience)
Suppose an employee with
8years of education has been with the company for
4years (note that education years are the number of years after
8thgrade). According to this model, what is his estimated annual salary?
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Discrete and Combinatorial Mathematics An Applied Introduction
Authors: Ralph P. Grimaldi
5th edition
201726343, 978-0201726343
