What should salary be if number of years of experience given

Reference no: EM13131057

Use the multiple regression equation to predict a persons salary. Assume that the variable A is the number of years of college. Assume that the variable B is the number of years of experience. Suppose the person has 2 years of college and 7 years of experience. What should their salary be?

y = 20,530 + 4200A + 3200B

Reference no: EM13131057

Questions Cloud

Probability that none of three selected persons is allergic : What is the probability that none of three randomly selected persons is allergic to this drug? Assume that all three persons are independent.

Can george claim andy as a dependent : George contributed $3,000 (food, shelter, and medical care) toward the support of his nephew, Andy, who lives with him. Andy earned $1,000 from a part-time job and received a $2,000 scholarship to attend a local university. Can George claim Andy a..

Declaration and issuance of the stock dividend : A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $9. Subsequently, the company declared a 2% stock dividend on a date when the market price was $10 a share. The effect of the declaration and issuance of the s..

Depict a flow sheet to show how you would separate : Separation of acidic, basic & neutral substances in solution, Draw a flow sheet to show how you would separate the components of a mixture containing and acid substance

What should salary be if number of years of experience given : Assume that the variable B is the number of years of experience. Suppose the person has 2 years of college and 7 years of experience. What should their salary be?

What are the legal repercussions accounting wise : What happens if a company fails to follow the realization concept or revenue recognition concept and say, records revenue they have not yet earned to hide the fact that they are having a bad year in sale? what are the legal repercussions accountin..

Illustrate what would expected net income of company : Illustrate what would expected net income be if the company experienced a 10 percent increase in fixed costs and 10 percent increase in sales volume?

Ratios and proportions-dilution of solution : Chemist has 400ml of solution of which 80% is alcohol. How much water needs to be added to dilute solution to 50% alcohol? Please provide step by step breakdown so I can understand how this is solved.

What is the greatest shortcoming of this approach : Analysts often take a short cut in estimating a firm's cash from operations: they just add depreciation back to net income. What is the greatest shortcoming of this approach?

User Account

All Pages