The regression equation Salary = 35,000 + 3500 YearsExperience + 1200 YearsCollege describes employee salaries at Streeling Research Labs. The standard error is 2500. Doris has 20 years' experience and 4 years of college. Her salary is $113,000. What is Doris's standardized residual?
A)+1.28
B)-0.24
C)-1.28
D)+3.20

Question

Quizplus · Accepted Answer

Doris's standardized residual is (113,000 - 35,000 - 3500(20) - 1200(4)) / 2500 = 1.28.

The Regression Equation Salary = 35,000 + 3500 YearsExperience