Answer Happy

Use this information for questions 1, 2 and 3: The monthly salary for an employee, Y. is linearly related to the employee's years of experience, X. The mean monthly salary is $5000, with a standard deviation of $800; the mean experience is 5 years with a standard deviation of 2 years; the correlation coefficient is What is the predicted monthly salary for an employee with no experience? 8 A $350 B $1750 $5000 $4650 $3250

What effect does each year of experience have on monthly salary? A increases by $1750 B decreases by $1750 Increases by $350 D) decreases by $350 E no effect

Approximately what percentage of variability in monthly income cannot be explained by variability in experience? 23 B .77 .88 D.12 6 none of these