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Interpret the coefficients (slope & intercept) of your model.

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On July 9, 2021
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According toAdvertising Age’s annual salary review, Mark Hurd, the 49-year-old chairman, president, and CEO of Hewlett-Packard Co., received an annual salary of $817,000, a bonus of more than $5 million, and other compensation exceeding $17 million. His total compensation was slightly better than the average CEO total pay of $12.4 million. The following table shows the age and annual salary (in thousands of dollars) for Mark Hurd and 14 other executives who led publicly held companies (Advertising Age, December 5, 2006).

6) Interpret the coefficients (slope & intercept) of your model. (10 pts.)

(9) Suppose YOU are a CEO of a big company 10 years from now, predict your annual salary. (5 pts.)

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