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1. In the file MajorSalary.xlsx , data have been collected from 111 College of Business graduates on their monthly starting salaries. The graduates include students

1. In the file MajorSalary.xlsx, data have been collected from 111 College of Business graduates on their monthly starting salaries. The graduates include students majoring in management, finance, accounting, info systems, and marketing. Create a PivotTable in Excel to display the number of graduates in each major and the average monthly starting salary for students in each major.

a. Which major has the most graduates?

b. Which major has the highest average starting monthly salary?

c. Use the PivotTable to determine the major of the student with the lowest overall starting salary?

2. In the file Jensen.xlsx, Jensen auto is deciding whether to purchase a new maintenance contract for its new computer wheel alignment and balancing machine. The data in the file shows the relationship between usage and annual expense.

a. Develop a scatter chart with usage as the independent variable.

b. Use the data to develop a regression equation that could be used to predict the annual maintenance expense for a given numbers of hours of weekly usage. What is the model?

c. How much of the variation in the sample values of annual maintenance does the model you estimate in part b explain (Hint: Use r squared to explain).

Major salary excel document with all info needed!

Major Monthy Salary
Management 3330
Management 2700
Finance 3155
Accounting 3855
Info Systems 4220
Accounting 3110
Accounting 3880
Management 3695
Finance 3775
Finance 3875
Accounting 4560
Accounting 3475
Marketing 2780
Marketing 3715
Marketing 3260
Management 3175
Finance 3355
Accounting 4205
Finance 4000
Finance 4245
Finance 2950
Marketing 3270
Management 3835
Accounting 4150
Marketing 3200
Accounting 3140
Finance 3700
Marketing 3480
Accounting 3760
Marketing 3440
Marketing 3535
Management 2630
Accounting 4280
Management 4285
Accounting 3240
Marketing 3115
Marketing 3645
Accounting 3800
Marketing 3635
Accounting 4890
Info Systems 3855
Marketing 3110
Finance 2955
Management 3440
Marketing 3935
Info Systems 4360
Info Systems 4285
Marketing 2495
Management 2800
Marketing 4485
Management 2840
Management 3135
Marketing 3190
Marketing 3190
Management 2240
Accounting 3780
Management 2975
Management 3275
Marketing 3645
Management 3250
Finance 3875
Marketing 2900
Management 2685
Accounting 3020
Info Systems 4410
Finance 3350
Accounting 5000
Accounting 4040
Accounting 3770
Accounting 4995
Info Systems 5030
Finance 3370
Accounting 4340
Accounting 4225
Finance 3400
Management 2890
Finance 4075
Finance 3530
Info Systems 3325
Marketing 3025
Marketing 4010
Management 2865
Management 4245
Accounting 5650
Accounting 4090
Info Systems 3715
Accounting 3800
Management 3365
Accounting 3095
Info Systems 3765
Info Systems 3860
Accounting 2700
Finance 5000
Info Systems 4610
Accounting 5500
Info Systems 3610
Info Systems 3865
Accounting 4210
Management 3190
Finance 3810
Finance 4175
Finance 3535
Management 2780
Info Systems 3965
Finance 3665
Info Systems 4295
Management 3080
Management 3615
Finance 3800
Info Systems 2830
Marketing 2530

Jensen excel document with all info needed!

Weekly Usage (hours) Annual Maintenance Expense
13 17.0
10 22.0
20 30.0
28 37.0
32 47.0
17 30.5
24 32.5
31 39.0
40 51.5
38 40.0

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