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Intercept Experience Service Manufacturing Financial Coefficients 140037.615086 3292.653840 5938.697230 -14364.236092 17037.306498 Standard Error 4147.421168 231.558624 5270.795161 5408.963617 5303.248604 3.212617 0.005812 t Stat P-Value 33.764985 0.000000 14.219526 0.000000 1.126718 0.277565 -2.655636 0.017988 the Health Care industry and a CEO in the Financial industry both have 24 years of experience, what is the estim ? Enter your answer below, rounded to two decimal places.

Intercept Experience Service Manufacturing Financial Coefficients 140037.615086 3292.653840 5938.697230 -14364.236092 17037.306498 Standard Error 4147.421168 231.558624 5270.795161 5408.963617 5303.248604 3.212617 0.005812 t Stat P-Value 33.764985 0.000000 14.219526 0.000000 1.126718 0.277565 -2.655636 0.017988 the Health Care industry and a CEO in the Financial industry both have 24 years of experience, what is the estim ? Enter your answer below, rounded to two decimal places.

MATLAB: An Introduction with Applications
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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Suppose the following table was generated from a sample of 20 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 Health Care Industry is considered the base-level industry. Intercept Experience Service Manufacturing Financial Coefficients 140037.615086 3292.653840 5938.697230 -14364.236092 17037.306498 Standard Error 4147.421168 231.558624 5270.795161 5408.963617 5303.248604 3.212617 t Stat 33.764985 14.219526 1.126718 0.277565 -2.655636 0.017988 0.005812 P-Value 0.000000 0.000000 Copy Data According to the results, if a CEO in the Health Care industry and a CEO in the Financial industry both have 24 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places.
Transcribed Image Text:Suppose the following table was generated from a sample of 20 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 Health Care Industry is considered the base-level industry. Intercept Experience Service Manufacturing Financial Coefficients 140037.615086 3292.653840 5938.697230 -14364.236092 17037.306498 Standard Error 4147.421168 231.558624 5270.795161 5408.963617 5303.248604 3.212617 t Stat 33.764985 14.219526 1.126718 0.277565 -2.655636 0.017988 0.005812 P-Value 0.000000 0.000000 Copy Data According to the results, if a CEO in the Health Care industry and a CEO in the Financial industry both have 24 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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