Examine the effect of training level on annual salary

Assignment Help Basic Statistics

Reference no: EM131810951

Question: Now examine the effect of training level on annual salary, with and without adjusting for age and experience.

a. Find the average annual salary for each of the three training levels and compare them.

b. Find the multiple regression equation to predict annual salary from age, experience, and training level, using indicator variables for training level. Omit the indicator variable for level A as the baseline.

c. Examine and interpret the regression coefficient for each indicator variable for training level.

d. Does training level appear to have a significant impact on annual salary after adjustment for age and experience?

e. Compare and discuss the average salary differential between training levels A and C, both with and without adjusting for age and experience.

Reference no: EM131810951

Questions Cloud

Corporations that operate in several different countries : Which of the following is true of corporations that operate in several different countries?

Interpreting the regression coefficient for gender : Using a two-sided test at the 5% level, test whether men are paid significantly more than women.

How much could you withdraw each month : how much could you withdraw each month (equal size withdraws) for months 361 to 600?

Calculated ratio value : A calculated ratio value tells us little about a firm unless we compare it to something.

Examine the effect of training level on annual salary : Find the multiple regression equation to predict annual salary from age, experience, and training level, using indicator variables for training level.

Find the regression equation to predict annual salary : What is the average effect on annual salary of an extra year's experience for a 40-year-old employee? e. What is the average effect on annual salary?

Identify three early childhood professional organizations : Identify three early childhood professional organizations. Describe the purpose of each organization and explain its significance to the early childhood field.

What is the field of crime prevention : Crime Prevention Through Environmental Design (CPTED) is defined as a multi-disciplinary approach to deterring criminal behaviour through environmental design.

Examine and comment on the scatterplots : Find a multivariate data set relating to your work or business interests on the Internet, in your library, in a newspaper, or in a magazine.

User Account

All Pages