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QUESTION 1 (Use the information to answer questions #1 to #6). Does years of experience affect the salary earned by a person?. Below is a
QUESTION 1 (Use the information to answer questions #1 to #6). Does years of experience affect the salary earned by a person?. Below is a scatter plot of years of experience vs salary for a group of individuals. The coefficient of determination ; ,2_0.93. Least squares regression equation is given by : Salary=38000+6700*Years of Experience Salary vs Experience (Traininig set) 120000 100000 Salary= 38000+6700 Years of experience Salary 80000 60000 .. 40000 2 6 8 10 Years of experienceQUESTION 4 Using the least squares regression equation given, that is Salary = 38000 + 6700 Years of experience predict the salary for an individual with 8 years of experience O a. 24.2 O b. 17.15 O c. 46000 O d. 91600
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