If you have eliminated Gender from the model, run a new multiple regression equa
ID: 3316271 • Letter: I
Question
If you have eliminated Gender from the model, run a new multiple regression equation, if not continue with this one: y=-2.76+1.81(x)+.52(x2)-2.29(x3). Use the estimated multiple regression equation to predict the Salary for a person with characteristics similar to staff #1 on the data set .
I don't understand how to do this question. Would you be able to explain how to do it and how you came up with the answer?
Thannk you!
Employee Salary (y) Education (x) Job exp (x2) Gender (x3) Gender A 5 2 9 1 Male B 9.7 4 18 1 Male C 28.4 8 21 0 Female D 8.8 8 12 1 Male E 21 8 14 1 Male F 26.6 10 16 0 Female G 25.4 12 16 1 Male H 23.1 12 9 0 Female I 22.5 12 18 0 Female J 19.5 12 5 1 Male K 21.7 12 7 1 Male L 24.8 13 9 1 Male M 30.1 14 12 0 Female N 24.8 14 17 0 Female O 28.5 15 19 0 Female P 26 15 6 1 Male Q 38.9 16 17 0 Female R 22.1 16 1 1 Male S 33.1 17 10 0 Female T 48.3 21 17 0 FemaleExplanation / Answer
The regression equation given is:
y= -2.76+1.81(x)+.52(x2)-2.29(x3)
For staff 1,
x = 2, x2 = 9, x3 = 1
Hence,
Predicted salary
y = -2.76+1.81(2)+.52(9)-2.29(1)
y = 3.25
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