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Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary=10,950.20+2769.6(Education)+1213.98(Experience) Suppose an employee with14 years of education
Consider the following estimated regression model relating annual salary to years of education and work experience.
Estimated Salary=10,950.20+2769.6(Education)+1213.98(Experience)
Suppose an employee with14 years of education has been with the company for8 years (note that education years are the number of years after8thgrade. According to this model, what is his estimated annual salary?
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