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 estimated change in the mean salary (in $1,000)for an employee who has one additional year of experience holding age constant is ________.

Question

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 estimated change in the mean salary (in $1,000)for an employee who has one additional year of experience holding age constant 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 estimated change in the mean salary (in $1,000)for an employee who has one additional year of experience holding age constant is ________.

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