Correlation & Regression Analysis

Using SPSS, perform the appropriate statistical analysis for the given problems.

For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock versus years with the firm. X = Years y = Shares 300 12 408 14 560 252 288 650 630 522 a. Construct a scatter plot. b. Compute and interpret the correlation coefficient. c. Determine the least-squares regression line and interpret its slope. d. For an employee who has been with the firm 10 years, what is the predicted number of shares of stock owned