The file P10_05.xlsx contains salaries for a sample of DataCom employees, along with several variables that might
Question:
a. Estimate the relationship between Y (Salary) and X (Years Employed) using simple linear regression. Is there evidence to support the hypothesis that the coefficient for the number of years employed is statistically different from zero at the 5% significance level?
b. Estimate a multiple regression model to explain annual salaries of DataCom employees with X and X2 as explanatory variables. Perform relevant hypothesis tests to determine the significance of the regression coefficients of these two variables. Summarize your findings.
c. How do you explain your findings in part b in light of the results found in part a?
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Related Book For 
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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