Answer
$ŷ =25.62~thousands~of~dollars$
Work Step by Step
$ŷ =−15.2+1.545x_1+5.57x_2$
For individuals with 12 years of experience and level of education equal to 4, that is, $x_1=12$ and $x_2=4$:
$ŷ =−15.2+1.545\times12+5.57\times4=25.62$
Statistics: Informed Decisions Using Data (4th Edition)
by Sullivan III, Michael
Published by
Pearson
ISBN 10:
0321757270
ISBN 13:
978-0-32175-727-2
Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 724: 28h
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