According to the results, if a CEO in the Manufacturing industry and a CEO in the Health Care industry both have 33 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Suppose the following table was generated from a sample of 2020 CEOs relating annual salary to years of experience and the industry in which they are employed. Indicator (dummy) variables were created for each industry (1 if the CEO works in that industry, 0 otherwise). The Manufacturing industry is considered the base-level industry.

  Coefficients Standard Error t Stat P-Value
Intercept 136089.391879136089.391879 4059.2370454059.237045 33.52585533.525855 0.0000000.000000
Experience 3522.7465883522.746588 220.558598220.558598 15.97193015.971930 0.0000000.000000
Financial 8063.7816448063.781644 4891.6297224891.629722 1.6484861.648486 0.1200340.120034
Service −12825.673026−12825.673026 4997.6845794997.684579 −2.566323−2.566323 0.0214910.021491
Health Care 16309.98615216309.986152 5281.8143395281.814339 3.0879513.087951 0.0075000.007500

According to the results, if a CEO in the Manufacturing industry and a CEO in the Health Care industry both have 33 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places.

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