Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience.   Regression Statistics Multiple R 0.73650.7365 R Square 0.54240.5424 Adjusted R Square 0.52250.5225 Standard Error 2124.60962124.6096 Observations 4949     ANOVA   dfdf SSSS MSMS F� Significance F� Regression 22 246,127,958.1791246,127,958.1791 123,063,979.0896123,063,979.0896 27.262927.2629 1.6E-081.6E-08 Residual 4646 207,642,442.8821207,642,442.8821 4,513,966.14964,513,966.1496     Total 4848 453,770,401.0612453,770,401.0612             Coefficients Standard Error t� Stat P-value Lower 95%95% Upper 95%95% Intercept 14256.268814256.2688 2,513.30952,513.3095 5.67235.6723 0.0000008950.000000895 9197.23929197.2392 19,315.298419,315.2984 Education (Years) 2353.85412353.8541 336.0719336.0719 7.00407.0040 0.0000000090.000000009 1677.37651677.3765 3030.33173030.3317 Experience (Years) 832.8371832.8371 390.1917390.1917 2.13442.1344 0.0381716160.038171616 47.421947.4219 1618.25231618.2523     Step 1 of 2 :   What would be your expected salary with no education and no experience?

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Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience.

 

Regression Statistics
Multiple R 0.73650.7365
R Square 0.54240.5424
Adjusted R Square 0.52250.5225
Standard Error 2124.60962124.6096
Observations 4949

 

 

ANOVA
  dfdf SSSS MSMS F� Significance F�
Regression 22 246,127,958.1791246,127,958.1791 123,063,979.0896123,063,979.0896 27.262927.2629 1.6E-081.6E-08
Residual 4646 207,642,442.8821207,642,442.8821 4,513,966.14964,513,966.1496    
Total 4848 453,770,401.0612453,770,401.0612      

 

 

  Coefficients Standard Error t� Stat P-value Lower 95%95% Upper 95%95%
Intercept 14256.268814256.2688 2,513.30952,513.3095 5.67235.6723 0.0000008950.000000895 9197.23929197.2392 19,315.298419,315.2984
Education (Years) 2353.85412353.8541 336.0719336.0719 7.00407.0040 0.0000000090.000000009 1677.37651677.3765 3030.33173030.3317
Experience (Years) 832.8371832.8371 390.1917390.1917 2.13442.1344 0.0381716160.038171616 47.421947.4219 1618.25231618.2523

 

 
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What would be your expected salary with no education and no experience?
 
 
 
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