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Activity I - Your firm is interested in learning more about how its salaries relate to its employees' tenure with the firm. It has collected
Activity I - Your firm is interested in learning more about how its salaries relate to its employees' tenure with the firm. It has collected the following data for 25 of its employees.
EMPLOYEE NUMBER | TENURE (YEARS) | SALARY ($) |
1 | 15 | 53,908 |
2 | 32 | 78,230 |
3 | 14 | 55,164 |
4 | 20 | 57,647 |
5 | 25 | 63,111 |
6 | 14 | 54,991 |
7 | 28 | 74,571 |
8 | 30 | 73,189 |
9 | 28 | 71,859 |
10 | 17 | 55,978 |
11 | 14 | 61,676 |
12 | 6 | 44,865 |
13 | 21 | 64,676 |
14 | 11 | 59,101 |
15 | 14 | 58,441 |
16 | 32 | 81,964 |
17 | 29 | 76,373 |
18 | 33 | 82,860 |
19 | 27 | 70,019 |
20 | 16 | 58,474 |
21 | 26 | 80,074 |
22 | 3 | 45,594 |
23 | 14 | 63,676 |
24 | 9 | 68,444 |
25 | 14 | 70,306 |
Plot these data points, and describe using regression how salary relates to firm tenure for this group.
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