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et's assume Great Learning wishes to automate their salary negotiation process.They wish to find the Base salary (y), based on the variables X1 = Experience

et's assume Great Learning wishes to automate their salary negotiation process.They wish to find the Base salary (y), based on the variables X1 = Experience of the candidate, X2 = CTC in the previous company and X3 = Designation in the previous company.

A sample of 50 randomly selected employees was used to fit the multiple regression model. Below is the output we got from the computer:

Predictor

Coefficient

Constant

0.019

Experience

0.356

CTC (previous company)

1.4286

Designation

0.002

R-Squared = 92% and Adjusted R2 = 91 %

Note: Please answer thenext four questions based on this data

The regression line fitted to the data is:

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