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Interpret the slope  Is the model significant?

Interpret the slope  Is the model significant?

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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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
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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