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Please show all work. Thank you! For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock,
Please show all work. Thank you!
For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x.
X | 6 | 12 | 14 | 6 | 9 | 13 | 15 | 9 |
Y | 300 | 408 | 560 | 252 | 288 | 650 | 630 | 522 |
(a) Determine the least squares regression line and interpret its slope (b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned?
(c) Is there a statistical significance between years of service and ownership of company stocks?
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