Use this information for questions 1, 2, and 3: The monthly salary for an employee, Y, is linearly related to the employ

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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 bold
7 over bold 8. What is the predicted monthly salary for an employee
with no experience? $350 $1750 $5000 $4650 $3250 Question 2 10
Points What effect does each year of experience have on monthly
salary? increases by $1750 decreases by $1750 Increases by $350
decreases by $350 no effect Question 3 10 Points Approximately what
percentage of variability in monthly income cannot be explained by
variability in experience? .23 .77 .88 .12 none of these