The summary output obtained from fitting the multiple regression are given below. Model Unstandardized Coefficients Standardized Coefficients Beta Sig. Std. Error 859.789 (Constant) -3019.226 -3.512 .000 .000 Education (years) Gender 658.518 45.852 .581 14.362 -6.379 4.299 -1615.440 253.239 -249 .000 Age (years) 45.008 10.469 163 .000 Dependent Variable: Beginning Salary, Male=0 & Female=1. (a) Write down the estimated multiple regression model of the beginning salary on education, gender and age of employees of a company. (b) Interpret estimated regression coefficient values. (c) Find the predicted beginning salary for an employee who is 24 years old male and has 17 years of education.

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The summary output obtained from fitting the multiple regression are given below.
Model
Unstandardized Coefficients
Standardized
Sig.
Coefficients
B
Std. Error
Beta
-3.512
(Constant)
Education (years)
-3019.226
859.789
.000
658.518
45.852
.581
14.362
.000
Gender
-1615.440
253.239
-.249
-6.379
.000
Age (years)
45.008
10.469
.163
4.299
.000
Dependent Variable: Beginning Salary, Male=0 & Female=1.
(a) Write down the estimated multiple regression model of the beginning salary on
education, gender and age of employees of a company.
(b) Interpret estimated regression coefficient values.
(c) Find the predicted beginning salary for an employee who is 24 years old male and
has 17 years of education.
Transcribed Image Text:The summary output obtained from fitting the multiple regression are given below. Model Unstandardized Coefficients Standardized Sig. Coefficients B Std. Error Beta -3.512 (Constant) Education (years) -3019.226 859.789 .000 658.518 45.852 .581 14.362 .000 Gender -1615.440 253.239 -.249 -6.379 .000 Age (years) 45.008 10.469 .163 4.299 .000 Dependent Variable: Beginning Salary, Male=0 & Female=1. (a) Write down the estimated multiple regression model of the beginning salary on education, gender and age of employees of a company. (b) Interpret estimated regression coefficient values. (c) Find the predicted beginning salary for an employee who is 24 years old male and has 17 years of education.
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