Interpret the slope Is the model significant?
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
Interpret the slope
Is the model significant?
![11.5. The table below shows the number of years and income for employees at a pharmaceutical
company.
Years
1
2
Income 45,000 46,814
3
4
5
6
7
8
48,212 52,870 54,125 58,532 61,075 62,785
This resulted in the following output.
Source DF
Adj SS Adj MS
Regression 1 309469287 309469287
Error
6
4897081
816180
Total
7 314366368
F-Value P-Value
379.17 0.000
P-Value
Coef SE T-Value
Constant 41462 704 58.90 0.000
Years 2714 139 19.47
0.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F290c7d0c-7adf-4ccd-924d-9c000b0f6b3e%2F94f63a46-8fe2-492f-89d1-10ea9cb5915d%2Fn2z805r_processed.png&w=3840&q=75)
Transcribed Image Text:11.5. The table below shows the number of years and income for employees at a pharmaceutical
company.
Years
1
2
Income 45,000 46,814
3
4
5
6
7
8
48,212 52,870 54,125 58,532 61,075 62,785
This resulted in the following output.
Source DF
Adj SS Adj MS
Regression 1 309469287 309469287
Error
6
4897081
816180
Total
7 314366368
F-Value P-Value
379.17 0.000
P-Value
Coef SE T-Value
Constant 41462 704 58.90 0.000
Years 2714 139 19.47
0.000
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