Data was collected to explain an employee’s annual income raise (expressed in $’s) based on the employee’s rating (on a scale of 1-20) Based on the regression results, answer the following questions g) What is the effect on “raise” of getting a 1 point higher rating? h) What is the 95% confidence interval for the coefficient of rating?

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Data was collected to explain an employee’s annual income raise (expressed in $’s) based on the employee’s rating (on a scale of 1-20) Based on the regression results, answer the following questions g) What is the effect on “raise” of getting a 1 point higher rating? h) What is the 95% confidence interval for the coefficient of rating?
Complete the Table Below
Regression
Statistics
Multiple R
R Square
Adjusted R Square
0.709
Standard Error
Observations
8.
ANOVA
df
SS
MS
F
Significance F
Regression
726978.8
18.0
0.005394931
Residual
241771.2
Total
Standard
Upper
95%
Coefficients
Error
t Stat
P-value
Lower 95%
Intercept
rating
-201.5
543.6
0.724
146.5
34.5
0.005
Transcribed Image Text:Complete the Table Below Regression Statistics Multiple R R Square Adjusted R Square 0.709 Standard Error Observations 8. ANOVA df SS MS F Significance F Regression 726978.8 18.0 0.005394931 Residual 241771.2 Total Standard Upper 95% Coefficients Error t Stat P-value Lower 95% Intercept rating -201.5 543.6 0.724 146.5 34.5 0.005
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