Using the Estimated Regression Equation to Predict Salary for 10

question 2

Multiple Choice

Using the estimated regression equation to predict salary for 10 years of experience gives the following results. Which of the following is true?

• A) 95% of pharmacists with 10 years of experience earn between $38,960 and $65,130.
• B) 95% of pharmacists with 10 years of experience earn between $48,010 and $56,080.
• C) We are 95% confident that a particular pharmacist who has 10 years of experience earns between $38,960 and $65,130.
• D) We are 95% confident that a particular pharmacist who has 10 years of experience earns between $48,010 and $56,080.
• E) 95% of pharmacists with 10 years experience on average earn between $48,010 and $56,080.

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Definitions:

Responsibilities

Duties and tasks that an individual or entity is required to perform or oversee.

Scope

The extent or range of coverage, application, or operation; the breadth of something.

Interests

Refers to the preferences or desires individuals or groups have, which often guide their actions and decisions.

Positions

The locations or roles assigned to individuals or things in relation to others within a structure, system, or context.