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 Health Care industry is considered the base-level industry. Intercept Experience Service Manufacturing Financial Coefficients 136836.394384 3107.254776 14220.421704 -11039.841245 24889.144428 Answer How to enter your answer (opens in new window) P-Value Standard Error 4171.487707 0.000000 196.471253 0.000000 4631.390467 3.070443 0.007772 4674.529663 -2.361701 0.032138 4653.341884 5.348660 0.000081 t Stat 32.802780 15.815315 Copy Data According to the results, if a CEO in the Health Care industry and a CEO in the Service industry both have 24 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places. Tables Keypad Keyboard Shortcuts
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 Health Care industry is considered the base-level industry. Intercept Experience Service Manufacturing Financial Coefficients 136836.394384 3107.254776 14220.421704 -11039.841245 24889.144428 Answer How to enter your answer (opens in new window) P-Value Standard Error 4171.487707 0.000000 196.471253 0.000000 4631.390467 3.070443 0.007772 4674.529663 -2.361701 0.032138 4653.341884 5.348660 0.000081 t Stat 32.802780 15.815315 Copy Data According to the results, if a CEO in the Health Care industry and a CEO in the Service industry both have 24 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places. Tables Keypad Keyboard Shortcuts
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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