(Answered) Consider the following estimated regression model relating

Economics

Consider the following estimated regression model relating annual salary to years of education and work experience.

Estimated Salary=11,756.80+2723.3(Education)+1092.64(Experience)

Suppose an employee with 11 years of education has been with the company for 2 years (note that education years are the number of years after 8 th grade). According to this model, what is his estimated annual salary?

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Business Economics, Economics

Category:- Business Economics
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