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This question concerns the relationship between annual remuneration (dependent variable) and number of years of professional experience (independent variable) among workers having completed university studies.
This question concerns the relationship between annual remuneration (dependent variable) and number of years of professional experience (independent variable) among workers having completed university studies. A) Build a scatter diagram to visualize this relationship. B) What can we conclude (from this diagram) about the strength of the relationship between annual compensation and number of years of professional experience? C) Calculate the correlation coefcient between the two variables of interest. What is your conclusion as to the direction and strength of the relationship between these two variables? D) From the data available on the two variables, nd the regression equation then interpret the value of the slope of this straight line and of the coefcient of determination. E) IIs the relationship between annual compensation and the number of years of professional experience statistically signicant at the 0.05 level? To answer this question, refer to the regression results in the previous question (D). Present the key elements of your approach and briey conclude on the relationship between the two variables. APPENDIX - Identification of variables in the table EDUCATION: Level of studies 1 : Secondary or less 2 : Trades or college 3 : University GENDER : Gender of respondent 0 : Men 1 : Woman SCHOOL YEARS : Total number of years of schooling EXPERIENCE : Number of years of professional experience REMUNERATION : Total annual remuneration in dollars ($) BILINGUAL: Knowledge of official languages (French and English) 0 : Unilingual (knows only one language) 1 : Bilingual (knows French and English)
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