Salary Years Age MBA? 35600 7.3 33 0 71100 24.1 61 0 42300 8.6 35 1 51200 11.5 43 1 41300 13.8 40 0 64900 18.1 55 0 54600 16.9 49 0 43800 9.4 37 1 46600 12.2 48 1 50100 16 328004.2 50 0 28 1 49300 11.5 49 0 38100 7.3 53500 14.4 52 1 46000 10.8 45 0 35 1 The data in the above table give the annual salary (Salary), number of years of employment (Years), employee's age (Age), and whether or not the employee has an MBA degree (1 = yes, 0 = no) for 15 workers in a particular industry and location. %3D In this location and industry, what is the predicted salary of a 40 year old employee who has 10 years of employment and holds an MBA degree? Use the MLR egyation

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Salary Years Age MBA?
356007.3
33 0
71100 24.1 61 0
42300 8.6
35 1
51200 11.5 43 1
41300 13.8 40 0
64900 18.1 55 0
54600 16.9 49 0
43800 9.4
37 1
46600 12.2 48 1
50100 16
50 0
32800 4.2
28 1
49300 11.5 49 0
38100 7.3
53500 14.4 52 1
46000 10.8 45 0
35 1
The data in the above table give the annual salary (Salary), number of years of
employment (Years), employee's age (Age), and whether or not the employee has an
MBA degree (1 = yes, 0 = no) for 15 workers in a particular industry and location.
%3D
In this location and industry, what is the predicted salary of a 40 year old employee
who has 10 years of employment and holds an MBA degree? Use the MLR equation.
Transcribed Image Text:Salary Years Age MBA? 356007.3 33 0 71100 24.1 61 0 42300 8.6 35 1 51200 11.5 43 1 41300 13.8 40 0 64900 18.1 55 0 54600 16.9 49 0 43800 9.4 37 1 46600 12.2 48 1 50100 16 50 0 32800 4.2 28 1 49300 11.5 49 0 38100 7.3 53500 14.4 52 1 46000 10.8 45 0 35 1 The data in the above table give the annual salary (Salary), number of years of employment (Years), employee's age (Age), and whether or not the employee has an MBA degree (1 = yes, 0 = no) for 15 workers in a particular industry and location. %3D In this location and industry, what is the predicted salary of a 40 year old employee who has 10 years of employment and holds an MBA degree? Use the MLR equation.
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