Suppose the following table was generated from a sample of 20 CEOS relating annual salary to years of experience and the industry in which they are employed. Indicator (dummy) variables were created for each industry (1 if the CEO works in that industry, 0 otherwise). The Financial industry is considered the base-level industry. Coefficients Standard Error t Stat P-Value Intercept 140317.200512 3499.359741 40.097964 0.000000 Experience 3151.954512 159.669974 19.740434 0.000000 Health Care 9587.512572 3934.107461 2.437024 0.027739 Manufacturing - 23861.986273 3823.687525 - 6.240569 0.000016 Service 15458.565169 3810.864391 4.056446 0.001034 Copy Data According to the results, if a CEO in the Financial industry and a CEO in the Service industry both have 25 years of experience, what is the estimated difference in annual salary between the two CEOS? Enter your answer below, rounded to two decimal places.
Suppose the following table was generated from a sample of 20 CEOS relating annual salary to years of experience and the industry in which they are employed. Indicator (dummy) variables were created for each industry (1 if the CEO works in that industry, 0 otherwise). The Financial industry is considered the base-level industry. Coefficients Standard Error t Stat P-Value Intercept 140317.200512 3499.359741 40.097964 0.000000 Experience 3151.954512 159.669974 19.740434 0.000000 Health Care 9587.512572 3934.107461 2.437024 0.027739 Manufacturing - 23861.986273 3823.687525 - 6.240569 0.000016 Service 15458.565169 3810.864391 4.056446 0.001034 Copy Data According to the results, if a CEO in the Financial industry and a CEO in the Service industry both have 25 years of experience, what is the estimated difference in annual salary between the two CEOS? Enter your answer below, rounded to two decimal places.
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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