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A small firm negotiates an annual pay rise with each of its 12 employees. In an attempt to simplify the process, it was proposed that
- A small firm negotiates an annual pay rise with each of its 12 employees. In an attempt to simplify the process, it was proposed that each employee should be given a score (X) based on his/her level of responsibility.
EMPLOYEE | SCORE | ANNUAL SALARY |
A | 10 | 5750 |
B | 55 | 17300 |
C | 46 | 14750 |
D | 27 | 8200 |
E | 17 | 6350 |
F | 12 | 6150 |
G | 85 | 18800 |
H | 64 | 14850 |
I | 36 | 9900 |
J | 40 | 11000 |
K | 30 | 9150 |
L | 37 | 10400 |
- Plot the data on scatter diagram.
- Determine the Pearson's correlation coefficient.
- Conduct a complete regression analysis.
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