Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze the relationship between average Salary ($1000) and years of experience working. The data are listed here: Years of experience Average Salary ($1000) 20 25

image text in transcribed

Analyze the relationship between average Salary ($1000) and years of experience working. The data are listed here:

image text in transcribedimage text in transcribed
Years of experience Average Salary ($1000) 20 25 23 23 28 6 0 V O UT A W N 35 36 38 42 45 SUMMARY OUTPUT Regression Statistics Multiple R 0.9685293 R Square 0.9380497 Adjusted R Square 0.9303052 Standard Error 2.3257454 Observations 10Multiple R 0.9685293 R Square 0.9380497 Adjusted R Square 0.9303052 Standard Error 2.3257454 Observations 10 Coefficient Standard Lower Upper S Error t Stat P-value 95% Upper 95% Lower 95.0% 95.0% Intercept 16 1.5887866 10.070573 8.0538E- 12.336258 19.6637482 12.336258 19.663742 X Variable 1 2.8181812 0.2560562 11.006108 4.1315E- 2.2277154 3.4086483 2.2277154 3.4086483

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Accounting

Authors: Needles, Powers, crosson

11th Edition

1439037744, 978-1133626985, 978-1439037744

Students also viewed these Mathematics questions