Imagine You Are Interested in Researching the Relationship Between Job

question 26

Multiple Choice

Imagine you are interested in researching the relationship between job experience and income among early-career working professionals.You take a random sample of 32 professionals from the nearest city,and you ask them to report their annual income and submit a resumé outlining their professional experience.You later calculate their years of experience from their resumés.You compute the following information:
Assume,for the above example,that you calculated the estimated standard error of the estimate to be,11.20.How should this standard error of the estimate be interpreted?

• A)It gives you an indication of the inaccuracy in predicting income from years of experience.
• B)It gives you an indication of the inaccuracy in predicting years of experience from income.
• C)Both a and b
• D)Neither a nor b

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