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What proportion of the variability in salary is explained by age? Salary of CEOs Versus Age 1000 SAL 500 0 30 35 40 45 50

What proportion of the variability in salary is explained by age?

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Salary of CEOs Versus Age 1000 SAL 500 0 30 35 40 45 50 55 60 65 70 75 AGE Regression Analysis: SAL versus AGE The regression equation is SAL - 243 + 3.13 AGE Predictor Coef SE Coef T P Constant 242.7 168 .8 1 .44 0.156 AGE 3.133 3. 226 0.97 0.336 S - 220.6 R-Sq = 1.6% R-Sq(adj) = 0.0% Analysis of Variance Source DF SS MS F P Regression 1 45896 45896 0.94 0. 336 Residual Error 57 2774936 48683 Total 58 2820832

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