A company hired 25 employees for various positions.After the candidates were chosen,they wanted to see what the relationship of starting salary was based on years of experience and education level.They assign a 0,1,2,or 3 for high school diploma,bachelor's degree,master's degree,or a doctorate,respectively.The regression model looks like this:
Dependent variable is: Salary
R-squared = 69.6% R-squared (adjusted)= 66.9%
s = 7889 with 25 - 3 = 22 degrees of freedom

-Here are histograms of the leverage and Studentized residuals for the regression model:

Comment on what these diagnostic displays indicate.

Question

A company hired 25 employees for various positions.After the candidates were chosen,they wanted to see what the relationship of starting salary was based on years of experience and education level.They assign a 0,1,2,or 3 for high school diploma,bachelor's degree,master's degree,or a doctorate,respectively.The regression model looks like this:
Dependent variable is: Salary
R-squared = 69.6% R-squared (adjusted)= 66.9%
s = 7889 with 25 - 3 = 22 degrees of freedom  
 
-Here are histograms of the leverage and Studentized residuals for the regression model:  
  
Comment on what these diagnostic displays indicate.

Quizplus · Accepted Answer

The Answer of A company hired 25 employees for various positions.After the candidates were chosen,they wanted to see what the relationship of starting salary was based on years of experience and education level.They assign a 0,1,2,or 3 for high school diploma,bachelor's degree,master's degree,or a doctorate,respectively.The regression model looks like this:
Dependent variable is: Salary
R-squared = 69.6% R-squared (adjusted)= 66.9%
s = 7889 with 25 - 3 = 22 degrees of freedom  
 
-Here are histograms of the leverage and Studentized residuals for the regression model:  
  
Comment on what these diagnostic displays indicate.

A Company Hired 25 Employees for Various Positions