Question
Your firm is interested in learning more about how its salaries relate to its employees tenure with the firm. It has collected the following data
Your firm is interested in learning more about how its salaries relate to its employees tenure with the firm. It has collected the following data for 25 of its employees. EMPLOYEE NUMBER TENURE (YEARS) SALARY ($) 1 15 53,908 2 32 78,230 3 14 55,164 4 20 57,647 5 25 63,111 6 14 54,991 7 28 74,571 8 30 73,189 9 28 71,859 10 17 55,978 11 14 61,676 12 6 44,865 13 21 64,676 14 11 59,101 15 14 58,441 16 32 81,964 17 29 76,373 18 33 82,860 19 27 70,019 20 16 58,474 21 26 80,074 22 3 45,594 23 14 63,676 24 9 68,44
Plot these data points, and describe using regression how salary relates to firm tenure for this group.
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