Data was collected to explain an employee’s annual income raise (expressed in $’s) based on the employee’s rating (on a scale of 1-20) Based on the regression results, answer the following questions d) What is the standard error of the error term in the regression equation? e) Is the coefficient on the variable “rating” statistically significantly different than 0 at the 1% level of significance? How do you know? f) What is the predicted raise for someone with an 18 rating? 2) Data were collected to explain the an employee's annual income̟raise (expressed in $'s) based on theemployee's rating (on a scale of 1-20)Complete the Table BelowRegressionStatisticsMultiple RR SquareAdjusted R SquareStandard Error0.709Observations8ANOVAdfSSMSFSignificance FRegression726978.818.00.005394931Residual241771.2TotalStandardUpper95%CoefficientsErrort StatP-valueLower 95%Interceptrating-201.5543.60.724146.534.50.005

Answered: Data was collected to explain an…

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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Data was collected to explain an employee’s annual income raise (expressed in $’s) based on the employee’s rating (on a scale of 1-20) Based on the regression results, answer the following questions d) What is the standard error of the error term in the regression equation? e) Is the coefficient on the variable “rating” statistically significantly different than 0 at the 1% level of significance? How do you know? f) What is the predicted raise for someone with an 18 rating?