Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARY�=�0+�1EXPERIENCE�+�2SERVICE�+�3INDUSTRIAL�+��. Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.010.01 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence." Copy Data CEO Salaries Salary Experience Service (1 if service sector, 0 otherwise) Industrial (1 if industrial sector, 0 otherwise) Financial (1 if financial sector, 0 otherwise) 144225144225 1010 11 00 00 187765187765 2020 00 00 11 142500142500 66 11 00 00 169650169650 2828 11 00 00 167250167250 3131 00 11 00 189145189145 2020 00 00 11 175000175000 1616 00 00 11 147925147925 1414 00 11 00 142800142800 00 00 00 11 156200156200 2020 11 00 00 147750147750 1414 00 11 00 127600127600 22 00 11 00 140887140887 77 00 11 00 163875163875 3131 11 00 00 186730186730 1919 00 00 11
Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARY�=�0+�1EXPERIENCE�+�2SERVICE�+�3INDUSTRIAL�+��. Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.010.01 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence." Copy Data CEO Salaries Salary Experience Service (1 if service sector, 0 otherwise) Industrial (1 if industrial sector, 0 otherwise) Financial (1 if financial sector, 0 otherwise) 144225144225 1010 11 00 00 187765187765 2020 00 00 11 142500142500 66 11 00 00 169650169650 2828 11 00 00 167250167250 3131 00 11 00 189145189145 2020 00 00 11 175000175000 1616 00 00 11 147925147925 1414 00 11 00 142800142800 00 00 00 11 156200156200 2020 11 00 00 147750147750 1414 00 11 00 127600127600 22 00 11 00 140887140887 77 00 11 00 163875163875 3131 11 00 00 186730186730 1919 00 00 11
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
Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation:
SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARY�=�0+�1EXPERIENCE�+�2SERVICE�+�3INDUSTRIAL�+��.
Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.010.01 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence."
Copy Data
CEO Salaries| Salary | Experience | Service (1 if service sector, 0 otherwise) | Industrial (1 if industrial sector, 0 otherwise) | Financial (1 if financial sector, 0 otherwise) |
|---|---|---|---|---|
| 144225144225 | 1010 | 11 | 00 | 00 |
| 187765187765 | 2020 | 00 | 00 | 11 |
| 142500142500 | 66 | 11 | 00 | 00 |
| 169650169650 | 2828 | 11 | 00 | 00 |
| 167250167250 | 3131 | 00 | 11 | 00 |
| 189145189145 | 2020 | 00 | 00 | 11 |
| 175000175000 | 1616 | 00 | 00 | 11 |
| 147925147925 | 1414 | 00 | 11 | 00 |
| 142800142800 | 00 | 00 | 00 | 11 |
| 156200156200 | 2020 | 11 | 00 | 00 |
| 147750147750 | 1414 | 00 | 11 | 00 |
| 127600127600 | 22 | 00 | 11 | 00 |
| 140887140887 | 77 | 00 | 11 | 00 |
| 163875163875 | 3131 | 11 | 00 | 00 |
| 186730186730 | 1919 | 00 | 00 | 11 |
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