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(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
(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 (Training set) 120000 100000 Salary= 38000+6700 Years of experience Salary 80000 60000 40000 2 4 6 8 10 Years of experienceQUESTION 2 4 poi Using the least squares regression equation given, the best interpretation of the slope: O a. For each unit change in years of experience, salary decreases by 6700 units. O b. For each unit change in salary, years of experience increases by 38000 units. Oc. For each unit change in years of experience, salary increases by 6700 units Od. For each unit change in salary, years of experience decreases by 6700 units
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