We will predict hourly income based on the number of years of experience. Use an alpha level
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Question:
We will predict hourly income based on the number of years of experience. Use an alpha level of 5% and the output below to answer the questions:
| SUMMARY OUTPUT | ||
| Regression Statistics | ||
| Multiple R | 0.956 | |
| R Square | ||
| Standard Error | 2.579 | |
| Observations | 11 | |
| ANOVA | ||
| df | SS | |
| Regression | 1 | |
| Residual | 59.864 | |
| Total | 10 | 688.545 |
| Coefficients | Standard Error | |
| Intercept | 16.223 | 1.410 |
| experience | 1.720 | 0.177 |
The correlation between Hourly income and experience is? round to 2 d.p.
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