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Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary=11,559.65+3279.26(Education)+752.91(Experience) Suppose two employees at the company have
Consider the following estimated regression model relating annual salary to years of education and work experience.
Estimated Salary=11,559.65+3279.26(Education)+752.91(Experience)
Suppose two employees at the company have been working there for five years. One has a bachelor's degree (
8years of education) and one has a master's degree (
10years of education). How much more money would we expect the employee with a master's degree to make?
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