Exhibit 1 According to Exhibit 1 The coefficient of Age indicates that if Age is

Question

Exhibit 1

According to Exhibit 1
The coefficient of Age indicates that if Age is

Regression Statistics Multiple R 0.73 R Square .54 Adjusted R Square .46 Standard Error 16.91 Observations ? ANOVA df SS MS F Significance F Regression ?=p ? SSR ? ? 0.06 Residual ?=n-p-1 ? SSE ? Total ?=n-1 26,120 Coefficients Standard Error t Stat P-value Intercept 10.34 14.89 0.00 Age 1.47 0.32 0.00 Educ 0.20 0.38 0.51 Married -6.71 6.09 0.28 Head -17.91 5.91 0.00 Tenure 0.27 0.48 0.57 Manager -27.79 8.48 0.00 Sales -18..83 6.60 0.01

Explanation / Answer

The coffecient of age indicates that if age is increased by 1, the dependent variable is expected to increase by 1.47.

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