Consider the prediction of annual salary from age alone (as compared to exercise 1, where experience was
Question:
a. Find the regression equation to predict annual salary from age.
b. Using results from part a of exercise 1 and this exercise, compare the effect of age on annual salary with and without an adjustment for experience.
c. Test whether age has a significant impact on annual salary with and without an adjustment for experience. Briefly discuss your results.
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a Predicted Salary 1927167 5681280 Age b When we adjust for experience we estimate that each additio...View the full answer
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