Statistics

posted by .

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

  • algebra -

    There is no need to use statistical arguments to answer this question. Just plug in 7 for A and 3 for B and perform the calculation indicated by the equation.

    The equation itself may have statistical origins. It would not be a good idea to use such a formula to make job offers to everyone who applies.

  • algebra with applications -

    what is the operations of 7+3*5

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Statistics

    The annual Salary of an electrical engineer is given in terms of the years of experience by the table below. Find the equation of linear regression for the above data and obtain the expected salary for an engineer with 45 years of …
  2. college

    The annual Salary of an electrical engineer is given in terms of the years of experience by the table below. Find the equation of linear regression for the above data and obtain the expected salary for an engineer with 48 years of …
  3. probability and statistics

    The annual Salary of an electrical engineer is given in terms of the years of experience by the table below. Find the equation of linear regression for the above data and obtain the expected salary for an engineer with 48 years of …
  4. probability and statistics

    The annual Salary of an electrical engineer is given in terms of the years of experience by the table below. Find the equation of linear regression for the above data and obtain the expected salary for an engineer with 48 years of …
  5. statistics

    the average number of years a person takes to complete a graduate degree program is 3. the standard deviation is 4 months. Assume the variable is normally distributed. If an individual enrolls in the program, find the probability that …
  6. Statistics

    Suppose the variable x is the number of minutes walked each week and the variable y is the blood cholesterol level given by the following table: x y 31 290 60 278 90 259 120 238 150 219 Using the regression equation, predict cholesterol …
  7. Statistics

    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 …
  8. Statistics

    Use the multiple regression equation to predict a person's 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 …
  9. statistics

    Use the multiple regression equation to predict a person's 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 …
  10. Statistics

    Suppose the variable x is the number of minutes walked each week and the variable y is the blood cholesterol level given by the following table: x y 31 290 60 278 90 259 120 238 150 219 Using the regression equation, predict cholesterol …

More Similar Questions