(See Solution) - Faculty salaries Here are the salaries for a sample of professors in a mathematics department at a large Midwestern university for the academic

Question: – Faculty salaries

Here are the salaries for a sample of professors in a mathematics department at a large Midwestern university for the academic years 2014-2015 and 2015-2016.

2014-2015 salary ($)	2015-2016 salary ($)	2014-2015 salary ($)	2015-2016 salary ($)
145.700	147.700	136.650	138.650
112.700	114.660	132.160	134.150
109.200	111.400	74.290	76.590
98.800	101.900	74.500	77.000
112.000	113.000	83.000	85.400
111.790	113.800	141.850	143.830
103.500	105.700	122.500	124.510
149.000	150.900	115.100	117.100

Construct a scatterplot with the 2015-2016 salaries on the vertical axis and the 2014-2015 salaries on the horizontal axis.
Comment on the form, direction, and strength of the relationship in your scatterplot.
Find the least-squares regression line for predicting 2015-2016 salaries from 2014-2015 salaries.
What proportion of the variation in 2015-2016 salaries is explained by 2014-2015 salaries?

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Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document

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(See Solution) - Faculty salaries Here are the salaries for a sample of professors in a mathematics department at a large Midwestern university for the academic

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