A linear model is developed for the relationship between salary of finance professionals and years of experience.
Question:
A linear model is developed for the relationship between salary of finance professionals and years of experience. The data was collected based on years of experience ranging from 1 to 15. Assuming the correlation is significant, should the linear model be used to predict the salary for a person with 25 years of experience?
a. It is acceptable to predict the salary for a person with 25 years of experience.
b. A linear model cannot be created for these two variables.
c. It is not recommended to predict the salary for a person with 25 years of experience.
d. There is not enough information to determine the answer.
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c It is not recommended to predict the salary for a person with 25 y...View the full answer
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