Question: Using the output in part a, write out the linear equation to predict payrate based on our data set. Use your regression equation in part

Using the output in part a, write out the linear equation to predict payrate based on our data set.

Use your regression equation in part b to estimate the payrate of a 45-year-old and a 55-year-old employee.

Using the output in part a, write out the linear equation to

SUMMARY OUTPUT Regression Statistics Multiple R 0.500 R Square 0.250 Adjusted R 0.193 Standard E 11.434 Observatic 15.000 AN OVA 5S MS F ignificance F Regression 1.000 567.452 567.452 4.341 0.058 Residual 13.000 1699.481 130.729 Total 14.000 2266.933 Coefficientsandard Ern t Stat P-value Lower 95% Upper 95% ower 95.09 Upper 95.0% Intercept 7.104 18.633 0.381 0.709 -33.149 47.357 -33.149 47.357 Age 0.811 0.389 2.083 0.058 -0.030 1.652 -0.030 1.652

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