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 0.73720.7372 R Square 0.54340.5434 Adjusted R Square 0.52350.5235 Standard Error 2120.66062120.6606 Observations 4949 ANOVA dfdf SSSS MSMS F� Significance F� Regression 22 246,191,336.3605246,191,336.3605 123,095,668.1803123,095,668.1803 27.371627.3716 1.5E-081.5E-08 Residual 4646 206,871,255.7619206,871,255.7619 4,497,201.21224,497,201.2122 Total 4848 453,062,592.1224453,062,592.1224 Coefficients Standard Error t� Stat P-value Lower 95%95% Upper 95%95% Intercept 14262.1701214262.17012 2,508.63812,508.6381 5.68525.6852 0.0000008560.000000856 9212.54359212.5435 19,311.796719,311.7967 Education (Years) 2354.97312354.9731 335.4472335.4472 7.02047.0204 0.0000000080.000000008 1679.75291679.7529 3030.19333030.1933 Experience (Years) 830.0759830.0759 389.4664389.4664 2.13132.1313 0.0384398390.038439839 46.120746.1207 1614.03111614.0311 Step 2 of 2 : How much would you expect your salary to increase if you had one more year of education?
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 0.73720.7372 R Square 0.54340.5434 Adjusted R Square 0.52350.5235 Standard Error 2120.66062120.6606 Observations 4949 ANOVA dfdf SSSS MSMS F� Significance F� Regression 22 246,191,336.3605246,191,336.3605 123,095,668.1803123,095,668.1803 27.371627.3716 1.5E-081.5E-08 Residual 4646 206,871,255.7619206,871,255.7619 4,497,201.21224,497,201.2122 Total 4848 453,062,592.1224453,062,592.1224 Coefficients Standard Error t� Stat P-value Lower 95%95% Upper 95%95% Intercept 14262.1701214262.17012 2,508.63812,508.6381 5.68525.6852 0.0000008560.000000856 9212.54359212.5435 19,311.796719,311.7967 Education (Years) 2354.97312354.9731 335.4472335.4472 7.02047.0204 0.0000000080.000000008 1679.75291679.7529 3030.19333030.1933 Experience (Years) 830.0759830.0759 389.4664389.4664 2.13132.1313 0.0384398390.038439839 46.120746.1207 1614.03111614.0311 Step 2 of 2 : How much would you expect your salary to increase if you had one more year of education?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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 | 0.73720.7372 |
---|---|
R Square | 0.54340.5434 |
Adjusted R Square | 0.52350.5235 |
Standard Error | 2120.66062120.6606 |
Observations | 4949 |
ANOVA
dfdf | SSSS | MSMS | F� | Significance F� | |
---|---|---|---|---|---|
Regression | 22 | 246,191,336.3605246,191,336.3605 | 123,095,668.1803123,095,668.1803 | 27.371627.3716 | 1.5E-081.5E-08 |
Residual | 4646 | 206,871,255.7619206,871,255.7619 | 4,497,201.21224,497,201.2122 | ||
Total | 4848 | 453,062,592.1224453,062,592.1224 |
Coefficients | Standard Error | t� Stat | P-value | Lower 95%95% | Upper 95%95% | |
---|---|---|---|---|---|---|
Intercept | 14262.1701214262.17012 | 2,508.63812,508.6381 | 5.68525.6852 | 0.0000008560.000000856 | 9212.54359212.5435 | 19,311.796719,311.7967 |
Education (Years) | 2354.97312354.9731 | 335.4472335.4472 | 7.02047.0204 | 0.0000000080.000000008 | 1679.75291679.7529 | 3030.19333030.1933 |
Experience (Years) | 830.0759830.0759 | 389.4664389.4664 | 2.13132.1313 | 0.0384398390.038439839 | 46.120746.1207 | 1614.03111614.0311 |
Step 2 of 2 :
How much would you expect your salary to increase if you had one more year of education?
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman