Question

Estimated salary =22,710.65+2006.17(years of experience)what is the estimated salary for an employee with 16 years of experience?

Answer 1

We are given the equation to estimate the salary according to the years of experience:

$\text{Estimated Salary}=22710.65+2006.17\cdot(\text{Years of Experience})$

Knowing the years of experience (16), we just need to replace the value on the equation:

$\text{Estimated Salary}=22710.65+2006.17\cdot16$

Solving:

$\text{Estimated Salary}=54809.37$

According to the model, an employee with 16 years of experience will have a salary of $54809.37.