Homework Help: Statistics

Posted by Scott on Friday, May 20, 2011 at 10:40pm.

Use the multiple regression equation to predict a persons salary. Assume that the variable A is the number of years of college. Assume that the variable B is the number of years of experience. Suppose the person has 7 years of college and 3 years of experience. What should their salary be?

y = 19,230 + 4452A + 3580B

Statistics - MathGuru, Sunday, May 22, 2011 at 8:30am
Substitute the values given for A and B into the equation to solve for y.
Statistics - JimmyPAge, Monday, May 23, 2011 at 10:38am
The answer is irrelevant, work experience doesnt affect salary in such a formulaic way, it all depends on how hot the boss is and whether you can get into his/her pants

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