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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 Interpret the slope As the income goes up by 1, the number of years goes up by 1.72 As the income goes up by 1, the number of years goes up by 16.223 As the number of years goes up by 1, the income goes up by 1.72 As the number of years goes up by 1, the income goes up by 16.223
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