Question
The following data shows Annual Salary of company employees Predictor Coef St Dev t ratio P Constant 22,350 512.1 43.643 0.002 Years 782 12.5 62.56
The following data shows Annual Salary of company employees
Predictor | Coef | St Dev | t ratio | P |
---|---|---|---|---|
Constant | 22,350 | 512.1 | 43.643 | 0.002 |
Years | 782 | 12.5 | 62.56 | .000 |
s = 8.56 | R-sq = 81.0% | R-Sq(adj) = 80.0% |
1.What is the LSRL?
2. According to the LSRL after how many years would I expect to earn a salary of $35,000?
3. After 10 years Charles is making $32,000, what would his residual value be?
The following data represents the speed of an object dropped from an unknown height.
Time (seconds) | 0 | 0.2 | 0.4 | 0.6 | 0.8 |
---|---|---|---|---|---|
Speed (m/sec) | 0 | 1.92 | 3.58 | 6.01 | 7.88 |
4. Find the LSRL
5. Which value has the greatest Residual? What is it?
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