Question: Continue using predictions of annual salary based on age and experience.
a. Find the predicted annual salary and prediction error for employee 33 and compare the result to the actual annual salary.
b. Find the predicted annual salary and prediction error for employee 52 and compare the result to the actual annual salary.
c. Find the predicted annual salary and prediction error for the highest-paid employee and compare the result to the actual annual salary. What does this comparison tell you?
d. Find the predicted annual salary and prediction error for the lowest-paid employee and compare the result to the actual annual salary. What does this comparison tell you?