A company manager is interested in analyzing the relationship between years of working experience and the salary of their employees. He has collected the data from 30 employees of their years of experience and the salary. Use the below provided MINITAB output to find the 90% confidence interval for the expected change in salary for every additional year of experience. Coefficients Coef SE Coef T-Value P-Value Term VIF Constant 25792 2273 11.35 0.000 Years Experience 9450 379 24.95 0.000 1.00 O257921.701 (2273) O 9450 1.701 (379) O257922.048 (2273) 94502.048 (379)
A company manager is interested in analyzing the relationship between years of working experience and the salary of their employees. He has collected the data from 30 employees of their years of experience and the salary. Use the below provided MINITAB output to find the 90% confidence interval for the expected change in salary for every additional year of experience. Coefficients Coef SE Coef T-Value P-Value Term VIF Constant 25792 2273 11.35 0.000 Years Experience 9450 379 24.95 0.000 1.00 O257921.701 (2273) O 9450 1.701 (379) O257922.048 (2273) 94502.048 (379)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
![A company manager is interested in analyzing the relationship between years of working
experience and the salary of their employees. He has collected the data from 30
employees of their years of experience and the salary. Use the below provided MINITAB
output to find the 90% confidence interval for the expected change in salary for every
additional year of experience.
Coefficients
Coef SE Coef T-Value P-Value
Term
VIF
Constant
25792
2273
11.35
0.000
Years Experience
9450
379
24.95
0.000
1.00
O257921.701 (2273)
O 9450 1.701 (379)
O257922.048 (2273)
94502.048 (379)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Facd5ba85-b35b-48cc-9a49-2264564b92a9%2F0374c1ec-6187-436a-a7e2-be8357f5603a%2Fz5d1fhi_processed.png&w=3840&q=75)
Transcribed Image Text:A company manager is interested in analyzing the relationship between years of working
experience and the salary of their employees. He has collected the data from 30
employees of their years of experience and the salary. Use the below provided MINITAB
output to find the 90% confidence interval for the expected change in salary for every
additional year of experience.
Coefficients
Coef SE Coef T-Value P-Value
Term
VIF
Constant
25792
2273
11.35
0.000
Years Experience
9450
379
24.95
0.000
1.00
O257921.701 (2273)
O 9450 1.701 (379)
O257922.048 (2273)
94502.048 (379)
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