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We will predict hourly income based on the number of years of experience. Use an alpha level of 5% and the output below to
We will predict hourly income based on the number of years of experience. Use an alpha level of 5% and the output below to answer the questions: SUMMARY OUTPUT Regression Statistics Multiple R 0.956 R Square Standard Error 2.579 Observations 11 ANOVA df SS Regression 1 Residual 59.864 Total 10 688.545 Intercept experience Coefficients Standard Error 16.223 1.410 1.720 0.177 What is the equation for the line of best fit? Predicted experience = 16.223* income + 1.72 Predicted income = 16.223 * experience + 1.72 Predicted experience = 1.72* income + 16.223
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