Question
The company is trying to keep the most people happy with the meal allowance than it can. The vice president hypothesizes that the older employees
The company is trying to keep the most people happy with the meal allowance than it can. The vice president hypothesizes that the older employees are the ones who want more money for meals than the younger ones.We are going to look at whether or not there is evidence to support this claim.
This includes the variable of age next to the requested dollar amount.
In a scatter diagram with trendline from the data in that tab. Include the equation of the line on the graph (under "more options") along with the r squared value (coefficient of determination).
Include the diagram in your post.
What is a trendline, and how does it help us interpret the data?
Discuss the slope of that trendline. Is it positive, negative, undefined, or 0?What does it mean?
Use the trendline equation to figure out how much money a 36-year-old employee would want.
Use the trendline equation to figure out how much money an 84-year-old employee would want.
How much trust do you put into the answer for 5 and 6?How does the coefficient of determination and the simple correlation coefficient (r) provide you with some input on your response?
x y
Age of employee Recommended Amount by employee
55 100
30 45
47 75
58 80
60 100
23 40
33 50
64 125
31 50
46 60
49 75
50 70
28 50
27 50
42 60
40 60
38 50
55 75
48 70
52 75
61 80
63 85
59 85
46 50
22 40
21 50
36 55
31 55
47 60
50 65
21 45
26 40
25 40
45 55
51 60
50 55
34 55
37 60
30 50
54 50
57 60
60 70
61 80
49 75
39 75
55 75
47 50
51 55
38 60
44 60
58 60
60 70
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started