Salaries, problems 1-4: Suppose you want to know how salaries are related to yea

Question

Salaries, problems 1-4: Suppose you want to know how salaries are related to years of experience for your chosen career. You collect data for a random sample of 100 people in this profession who have had from 0 to 20 years of experience. The relationship is linear with a correlation of 0.787 and you determine the regression equation to be salary 42,333 +1,479 years. 1. For this equation, the y-intercept indicates: (A) It is meaningless because of extrapolation (B) Salary will increase each year by $1,479. (C) An individual with 10 years of experience will earn on average $43,812 per year (D) An individual with no experience will earn on average $42,333. (E) None of these

Explanation / Answer

Ans:

The intercept (often labeled the constant) is the expected mean value of Y when X=0.

Option D is correct.

An individual with no experience will earn on average dollar 42,333

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.