Question
Short Answer-Number only. Show your answer as a number to two decimal places, e.g., 0.00. Rounding if necessary. Suppose that we use one set of
Short Answer-Number only. Show your answer as a number to two decimal places, e.g., 0.00. Rounding if necessary.
Suppose that we use one set of data to obtain the following model about the Wage, where Experience is the only categorical variable. Below is the partial software output. Given the output, for a junior employee whose Performance is 88, if there is one unit increase in Performance, holding other predictors as fixed, the Wage of this employee is expected to increase:
> contrasts(Experience)
Junior
Senior 0
Junior 1
> summary(Model)
Call:
lm(formula = Wage ~ Performance * Experience)
Coefficients:
Estimate Pr(>|t|)
(Intercept) 2.13 <2e-16 ***
Performance 0.74 <2e-16 ***
ExperienceJunior 0.23 <2e-16 ***
Performance: ExperienceJunior 0.06 <2e-16 ***
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