Question: Use Mge data and create Multiple regression table but this time as input use ONLY two variables: EDUCATION and EXPERIENCE to predict WAGE. Answer questions

 Use Mge data and create Multiple regression table but this time

Use Mge data and create Multiple regression table but this time as input use ONLY two variables: EDUCATION and EXPERIENCE to predict WAGE. Answer questions 10 to 13. Choose the best fitting answer. 10. If a person has Number of years of EDUCATION = 14 and Number of years of work EXPERIENCE = 2 what would be his/her predicted WAGE? (5 points) ' O a. 2.43 O b. 6.42 O c. 8.27 0 d. 13.17 0 e. None of these 1 1 . What is the approximate error of this prediction? (5 points) 0 a. 0.20 O b. 4.6 O c. -4.90 0 d. 6565-05 0 e. None of these 12. if this person had one more year of work EXPERIENCE and two more years of EDUCATION how much higher would his/her predicted WAGE be? (5 points) Oa.1.96 Ob. 1.14 Oc.1.85 Od. 10.23

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