SCENARIO 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age = Age)and experience in the field = 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 Scenario 14-8, the estimate of the unit change in the mean of Y per unit change in , considering the effects of the other variable, is ________.

Question

SCENARIO 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age  = Age)and experience in the field  = 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 Scenario 14-8, the estimate of the unit change in the mean of Y per unit change in  , considering the effects of the other variable, is ________.

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The Answer of SCENARIO 14-8 A financial analyst wanted to examine the relationship between salary (in $1,000)and 2 variables: age  = Age)and experience in the field  = 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 Scenario 14-8, the estimate of the unit change in the mean of Y per unit change in  , considering the effects of the other variable, is ________.

SCENARIO 14-8 a Financial Analyst Wanted to Examine the Relationship