Southern Textiles wishes to predict employee wages by using the employee’s experience X1 and the emp

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Southern Textiles wishes to predict employee wages by using the employee’s experience X1 and the employee’s education X2. Employees are categorized as having a college degree or not having a college degree in their personnel files, so the variable “education” is a qualitative variable. Thus, X2 is an indicator (0, 1) variable. Data for the employees are given below: See Attachment (a) Copy and paste the data from this document to an Excel file. Select Wages as the dependent variable and experience and education as the independent variables. Conduct multiple regression using Excel. Paste the output report below. Note: Follow the instructions given in module 5 to conduct simple regression. At the step where you specify the input data range, instead of selecting the data for one independent variable, select data for all the independent variables. The obtained output is given below, (b) Write the equation from the regression output report. If you are using symbols in the equation for the variables, do define the symbols before using the symbols in the equation.
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