Calculate the predicted monthly salary

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Reference no: EM13101375

A multiple regression model, Monthly Salary = 0.75 + 0.015 (Age) + 0.52 Sex, was developed to predict the monthly salary (in $1,000s) of the employees using age and the sex (male = 1 or female = 0) of the employees as the explanatory variables. The overall model and the regression coefficients were significant at ? = 0.001. Based on to this model, what is the predicted monthly salary of a female employee of 40-years age?

$750.00
$1350.00
$1870.00
$520.00

Reference no: EM13101375

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