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Suppose the following table was generated from a sample of 2020 CEOs relating annual salary to years of experience and the industry in which they

Suppose the following table was generated from a sample of 2020 CEOs relating annual salary to years of experience and the industry in which they are employed. Indicator (dummy) variables were created for each industry (1 if the CEO works in that industry, 0 otherwise). The Financial industry is considered the base-level industry.

Coefficients Standard Error t Stat P-Value
Intercept 132340.936370132340.936370 5238.0043835238.004383 25.26552625.265526 0.0000000.000000
Experience 3208.1296653208.129665 187.128878187.128878 17.14395817.143958 0.0000000.000000
Manufacturing 19254.89384719254.893847 5419.5056045419.505604 3.5528883.552888 0.0028920.002892
Health Care 11450.38912511450.389125 5513.7961395513.796139 2.0766802.076680 0.0554310.055431
Service 28648.09760328648.097603 5393.5983585393.598358 5.3115005.311500 0.0000870.000087

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According to the results, if a CEO in the Financial industry and a CEO in the Health Care industry both have 88 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places.

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