(Solution Library) Does higher paid CEO control the bigger Companies? Let us study x = annual CEO salary ($, millions) and y = annual company revenue ($, millions).
Question: Does higher paid CEO control the bigger Companies? Let us study x = annual CEO salary ( $, millions ) and y = annual company revenue ( $, millions). The following data are based on information from Forbes magazine and represents a sample of top US executives’ pay.
X ( $, millions ) 0.9 1.0 1.2 1.6 2.2
Y ( $, Millions) 14 11 19 20 23
- Draw a scatter diagram. Using the scatter diagram ( no calculations) would you estimate the linear correlation coefficient to be positive, close to zero or negative?
- Compute the sample correlation coefficient r. compute the coefficient of determination. Give a brief explanation of the meaning of the correlation coefficient and the coefficient of determination in the context of this problem.
- Graph the least squares line on scatter plot of the problem.
- IF a CEO has an annual salary of 1.5 million what is his or her annual company revenue as predicted by the least square lines
Deliverable: Word Document 
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[Solution] . Find χ _R^2 and χ _L^2 for each of the confidence
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Solution: Find the 95% confidence interval for the variance and
(Steps Shown) Find the critical value (Zc) for
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