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1 To determine whether the bonuses paid by a financial advising company are actually related to annual pay, data were gathered for 100 account executives
1 To determine whether the bonuses paid by a financial advising company are actually related to annual pay, data were gathered for 100 account executives who received such bonuses in 2020. The summary statistics are shown below. Annual Pay Bonus Mean $120,000 $28,224 Standard deviation 39,000.00 16,000.00 Correlation 0.75 The intercept of the estimated regression line that relates the response variable to the predictor variable is
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