Suppose the following data were collected from a sample of 15 CEOS relating annual salary to years of experience and the economic sector their company belongs to Use statistical software to find the following regression equation: SALARY, = b + b,EXPERIENCE, + b₂SERVICE, + b,INDUSTRIAL, + Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOS in the financial sector at the 0.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence Copy Data 1229 Salary Experience 143650 161138 212375 141700 133500 150787 171875 12 25 29 8 1 17 an Service (1 if service sector. O otherwise) 0. 0 0 0 1 1 CEO Salaries Industrial (1 if industrial sector, 0 otherwise) 1 1 0 1 0 0 Financial (1 if financial sector. 0 otherwise) 0 0 1 0 0 0 Submit Answer ZAM 2900 201
Suppose the following data were collected from a sample of 15 CEOS relating annual salary to years of experience and the economic sector their company belongs to Use statistical software to find the following regression equation: SALARY, = b + b,EXPERIENCE, + b₂SERVICE, + b,INDUSTRIAL, + Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOS in the financial sector at the 0.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence Copy Data 1229 Salary Experience 143650 161138 212375 141700 133500 150787 171875 12 25 29 8 1 17 an Service (1 if service sector. O otherwise) 0. 0 0 0 1 1 CEO Salaries Industrial (1 if industrial sector, 0 otherwise) 1 1 0 1 0 0 Financial (1 if financial sector. 0 otherwise) 0 0 1 0 0 0 Submit Answer ZAM 2900 201
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 8E
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Transcribed Image Text:CapsLk
Suppose the following data were collected from a sample of 15 CEOS relating annual salary to years of experience and the economic sector their company belongs to
Use statistical software to find the following regression equation:
SALARY,= b + b, EXPERIENCE, + b₂SERVICE, + b,INDUSTRIAL, +
Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOS in the financial sector at the 0.05 level of
significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else. select "There is not enough evidence."
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