Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARY�=�0+�1EXPERIENCE�+�2SERVICE�+�3INDUSTRIAL�+��. Is there enough evidence to support the claim that on average, CEOs in the industrial sector have lower salaries than CEOs in the financial sector at the 0.050.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence." Copy Data CEO Salaries Salary Experience Service (1 if service sector, 0 otherwise) Industrial (1 if industrial sector, 0 otherwise) Financial (1 if financial sector, 0 otherwise) 141150141150 1010 11 00 00 176000176000 3232 11 00 00 139938139938 99 00 11 00 203577203577 3030 00 00 11 148032148032 22 00 00 11 138638138638 77 00 11 00 145163145163 1313 00 11 00 147275147275 1414 11 00 00 139725139725 1010 00 11 00 155125155125 2121 00 11 00 206913206913 2626 00 00 11 140212140212 77 11 00 00 172050172050 3030 11 00 00 225313225313 3030 00 00 11 197597197597 2222 00 00 11
Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARY�=�0+�1EXPERIENCE�+�2SERVICE�+�3INDUSTRIAL�+��. Is there enough evidence to support the claim that on average, CEOs in the industrial sector have lower salaries than CEOs in the financial sector at the 0.050.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence." Copy Data CEO Salaries Salary Experience Service (1 if service sector, 0 otherwise) Industrial (1 if industrial sector, 0 otherwise) Financial (1 if financial sector, 0 otherwise) 141150141150 1010 11 00 00 176000176000 3232 11 00 00 139938139938 99 00 11 00 203577203577 3030 00 00 11 148032148032 22 00 00 11 138638138638 77 00 11 00 145163145163 1313 00 11 00 147275147275 1414 11 00 00 139725139725 1010 00 11 00 155125155125 2121 00 11 00 206913206913 2626 00 00 11 140212140212 77 11 00 00 172050172050 3030 11 00 00 225313225313 3030 00 00 11 197597197597 2222 00 00 11
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation:
SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARY�=�0+�1EXPERIENCE�+�2SERVICE�+�3INDUSTRIAL�+��.
Is there enough evidence to support the claim that on average, CEOs in the industrial sector have lower salaries than CEOs in the financial sector at the 0.050.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence."
Copy Data
CEO Salaries| Salary | Experience | Service (1 if service sector, 0 otherwise) | Industrial (1 if industrial sector, 0 otherwise) | Financial (1 if financial sector, 0 otherwise) |
|---|---|---|---|---|
| 141150141150 | 1010 | 11 | 00 | 00 |
| 176000176000 | 3232 | 11 | 00 | 00 |
| 139938139938 | 99 | 00 | 11 | 00 |
| 203577203577 | 3030 | 00 | 00 | 11 |
| 148032148032 | 22 | 00 | 00 | 11 |
| 138638138638 | 77 | 00 | 11 | 00 |
| 145163145163 | 1313 | 00 | 11 | 00 |
| 147275147275 | 1414 | 11 | 00 | 00 |
| 139725139725 | 1010 | 00 | 11 | 00 |
| 155125155125 | 2121 | 00 | 11 | 00 |
| 206913206913 | 2626 | 00 | 00 | 11 |
| 140212140212 | 77 | 11 | 00 | 00 |
| 172050172050 | 3030 | 11 | 00 | 00 |
| 225313225313 | 3030 | 00 | 00 | 11 |
| 197597197597 | 2222 | 00 | 00 | 11 |
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