Suppose the following table was generated from a sample of 2020 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. CoefficientsStandard Errort StatP-ValueIntercept146764.182525146764.1825254444.7308874444.73088733.01981333.0198130.0000000.000000Experience3092.1835033092.183503221.155524221.15552413.98194113.9819410.0000000.000000Service8404.3798898404.3798894753.9693564753.9693561.7678661.7678660.0974120.097412Health Care−17859.350459−17859.3504594768.1459284768.145928−3.745555−3.7455550.0019490.001949Manufacturing4332.7956954332.7956954654.1548254654.1548250.9309520.9309520.3666200.366620According to the results, if a CEO in the Financial industry and a CEO in the Manufacturing industry both have 22 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places.

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Description: Suppose the following table was generated from a sample of 2020 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 ind

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Suppose the following table was generated from a sample of 2020 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	146764.182525146764.182525	4444.7308874444.730887	33.01981333.019813	0.0000000.000000
Experience	3092.1835033092.183503	221.155524221.155524	13.98194113.981941	0.0000000.000000
Service	8404.3798898404.379889	4753.9693564753.969356	1.7678661.767866	0.0974120.097412
Health Care	−17859.350459−17859.350459	4768.1459284768.145928	−3.745555−3.745555	0.0019490.001949
Manufacturing	4332.7956954332.795695	4654.1548254654.154825	0.9309520.930952	0.3666200.366620

According to the results, if a CEO in the Financial industry and a CEO in the Manufacturing industry both have 22 years of experience, what is the estimated difference in annual salary between the two CEOs? Enter your answer below, rounded to two decimal places.

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