Education Experience Age Salary 10 20 45 55139 10 5 23 48937 10 19 36 57624 11    15 50 58170 11 16 42 62202 11 8 30 51646 11 4 21 52563 12 10 34 49434 12 8 27 55153 12 18 38 63882 13 6 25 46067 13 10 46 60886 14 10 38 57190 14 2 22 52094 15 8 32 60620 16 5 49 59843 16 4 28 57288 17 7 33 67151 18 3 27 61313 19 3 32 64175   1. Estimate the relationship: C4 = a + b(Cl)+c(C2)+d(C3) 2. Test the hypothesis that the entire model (C1, C2, and C3 combined) does not explain a significant amount of variation in the dependent variable at the 5% level of significance. 3. What fraction of the variation in annual salary is explained by education, experience, and age?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 9PPS
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given information:

Education

Experience

Age

Salary

10

20

45

55139

10

5

23

48937

10

19

36

57624

11

   15

50

58170

11

16

42

62202

11

8

30

51646

11

4

21

52563

12

10

34

49434

12

8

27

55153

12

18

38

63882

13

6

25

46067

13

10

46

60886

14

10

38

57190

14

2

22

52094

15

8

32

60620

16

5

49

59843

16

4

28

57288

17

7

33

67151

18

3

27

61313

19

3

32

64175

 

1. Estimate the relationship:

C4 = a + b(Cl)+c(C2)+d(C3)

2. Test the hypothesis that the entire model (C1, C2, and C3 combined) does not explain a significant amount of variation in the dependent variable at the 5% level of significance.

3. What fraction of the variation in annual salary is explained by education, experience, and age?

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