Data were collected for a sample of 12 pharmacists to determine if years of
Experience and salary are related. Below are the regression analysis results. The
Dependent variable is Salary in thousands of dollars. How much of the variability in
Pharmacists' salary is accounted for by years of experience? Regression Analysis: Salary versus Years Experience

The regression equation is
Salary $= 37.2 + 1.49$ Years Experience

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \ \text { Constant } & 37.164 & 3.381 & & \ \text { Years Experience } & 1.4882 & 0.2149 \ & & \end{array}$

$S=5.58485 \quad R-S q=82.8\%$

A) 82.8 %
B) 47.97 %
C) 5.58485 thousands dollars
D) 10.99 %
E) 98.9 %

Question

Data were collected for a sample of 12 pharmacists to determine if years of
Experience and salary are related. Below are the regression analysis results. The
Dependent variable is Salary in thousands of dollars. How much of the variability in
Pharmacists' salary is accounted for by years of experience? Regression Analysis: Salary versus Years Experience

The regression equation is
Salary $= 37.2 + 1.49$ Years Experience

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \ \text { Constant } & 37.164 & 3.381 & & \ \text { Years Experience } & 1.4882 & 0.2149 \ & & \end{array}$

$S=5.58485 \quad R-S q=82.8\%$

A) 82.8 %
B) 47.97 %
C) 5.58485 thousands dollars
D) 10.99 %
E) 98.9 %

Quizplus · Accepted Answer

The R-squared value is 82.8%, which means that 82.8% of the variability in pharmacists' salary is accounted for by years of experience.

Data Were Collected for a Sample of 12 Pharmacists to Determine