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Solution: The market capitalization of the salary of the chief executive officer for 20 companies are shown in the table. Develop the estimated regression equation

Question: The market capitalization of the salary of the chief executive officer for 20 companies are shown in the table.

Develop the estimated regression equation that can be used to predict the CEO salary given the market capitalization.
Use residual analysis to determine whether any outliers and/or influential observations are present. Briefly summarize your findings and conclusions.

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Solution: The market capitalization of the salary of the chief executive officer for 20 companies are shown in the table. Develop the estimated regression equation

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