Review image and answer the following: Step 1 of 2 : What would be your expected salary with no education and no experience? Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience.Regression StatisticsMultiple R0.7351R Square0.5403Adjusted R Square0.5203Standard Error2131.6615Observations49ANOVAdfSSMSFSignificance FRegression2245,704,176.0043122,852,088.002227.03621.7E-08Residual46209,023,121.95494,543,980.9121Total48454,727,297.9592CoefficientsStandard Errort StatP-valueLower 95 %Upper 95 %Intercept14275.842672,521.65165.66130.0000009299200.021319,351.6641Education (Years)2352.2326337.18736.97600.000000011673.50983030.9554Experience (Years)830.6944391.48682.12190.039263342.67231618.7165

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Answered: Step 1 of 2 : What would be your…

Math

Statistics

Step 1 of 2 : What would be your expected salary with no education and no experience?

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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Review image and answer the following:

Step 1 of 2 :

What would be your expected salary with no education and no experience?

Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience.
Regression Statistics
Multiple R
0.7351
R Square
0.5403
Adjusted R Square
0.5203
Standard Error
2131.6615
Observations
49
ANOVA
df
SS
MS
F
Significance F
Regression
2
245,704,176.0043
122,852,088.0022
27.0362
1.7E-08
Residual
46
209,023,121.9549
4,543,980.9121
Total
48
454,727,297.9592
Coefficients
Standard Error
t Stat
P-value
Lower 95 %
Upper 95 %
Intercept
14275.84267
2,521.6516
5.6613
0.000000929
9200.0213
19,351.6641
Education (Years)
2352.2326
337.1873
6.9760
0.00000001
1673.5098
3030.9554
Experience (Years)
830.6944
391.4868
2.1219
0.0392633
42.6723
1618.7165

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