uestion 33 (1 point) Use the following information to answer the question(s) bel

Question

uestion 33 (1 point) Use the following information to answer the question(s) below. Ford would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the employee's number of years of sales experience (Exp), the employee's weekly base salary before commissions (Salary), and the education level of the employee. There are three levels of education in the sales force-high school degree, associate's degree, and bachelor's degree. The following dummy variables have been defined. ED1 ED2 Degree High School Associate's 0 Bachelor's 1 The following Excel output shows the partially completed regression output from a random sample of employees from the previous month. SUMMARY OUTPUT

Explanation / Answer

From the coefficient table of independent variables, the coefficient for the independent variable exp is given to be 0.2393. Now as the we increase the independent variable value by 1 that is an increase in a year of sales experience, there would be an increase of 0.2393 units in the dependent variable.

Therefore B is the correct answer here.

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