You estimated the following relationship between the annual salary (S) and the length of employment in the retail sector (LEmp), using a large sample. Salary is measured in dollars and Length of employment in years. The results are as follows: Ŝ; = 23, 005 + 1, 534.4LEmpi i (6,450.8) (524.5) where the appropriate standard errors of the estimators are given in parentheses. The 99% confidence interval for the slope is approximately: O [183.4, 2885.4] [1009.9, 2058.9] O [506.4, 2562.4] O [671.7, 2397.1]

You estimated the following relationship between the annual salary (S) and the length of employment in the retail sector (LEmp), using a large sample. Salary is measured in dollars and Length of employment in years. The results are as follows: Ŝ; = 23, 005 + 1, 534.4LEmpi i (6,450.8) (524.5) where the appropriate standard errors of the estimators are given in parentheses. The 99% confidence interval for the slope is approximately: O [183.4, 2885.4] [1009.9, 2058.9] O [506.4, 2562.4] O [671.7, 2397.1]

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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