For an analysis of the salaries of your company, you plot the salaries of all employees against

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For an analysis of the salaries of your company, you plot the salaries of all employees against the number of years they have worked for the company. You find that plotting the base-10 logarithm of salary makes the plot much straighter. A part-time shipping clerk, who has worked at the company for one year earns $10,000. A manager earns $100,000 after 15 years with the firm. The CEO, who founded the company 30 years ago, receives $1,000,000. What are the values you will plot? Will the plot of these three points be straight enough?
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Stats Data And Models

ISBN: 662

4th Edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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