TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age
(X₁ = Age)and experience in the field (X₂ = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Table 14-8,the estimate of the unit change in the mean of Y per unit change in X₁,taking into account the effects of the other variable,is ________.

Question

TABLE 14-8
A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age
(X₁ = Age)and experience in the field (X₂ = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output:

TABLE 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age (X<sub>1</sub> = Age)and experience in the field (X<sub>2</sub> = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848. -Referring to Table 14-8,the estimate of the unit change in the mean of Y per unit change in X<sub>1</sub>,taking into account the effects of the other variable,is ________.

Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848.
-Referring to Table 14-8,the estimate of the unit change in the mean of Y per unit change in X₁,taking into account the effects of the other variable,is ________.

Quizplus · Accepted Answer

The Answer of TABLE 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age (X 1 = Age)and experience in the field (X 2 = Exper).He took a sample of 20 employees and obtained the following Microsoft Excel output: Also,the sum of squares due to the regression for the model that includes only Age is 5022.0654 while the sum of squares due to the regression for the model that includes only Exper is 125.9848. -Referring to Table 14-8,the estimate of the unit change in the mean of Y per unit change in X₁,taking into account the effects of the other variable,is ________.

TABLE 14-8 A Financial Analyst Wanted to Examine the Relationship Between Salary