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The issues regarding executive compensation have received extensive media attention. Consider a regression model that links CEO compensation ( in $ millions ) with the

The issues regarding executive compensation have received extensive media attention. Consider a regression model that links CEO compensation (in $ millions) with the total assets of the firm (in $ billions) and the firms industry. Dummy variables are used to represent four industries: Manufacturing Technology d1, Manufacturing Other d2, Financial Services d3, and Nonfinancial Services d4. A portion of the data for 455 CEOs is shown in the accompanying table.

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