[See Solution] A researcher is interested in the relation between the number of job changes and annual salaries (in thousands of dollars) for people living
Question: A researcher is interested in the relation between the number of job changes and annual salaries ( in thousands of dollars) for people living in the Southwestern parts of the country. A random sample of people employed in from this area provided the following information. X denotes the number of job changes and Y denotes the salary in thousands.
| X | Y |
| 1 | 33 |
| 7 | 37 |
| 5 | 34 |
| 6 | 32 |
| 1 | 32 |
| 5 | 38 |
| 9 | 43 |
| 10 | 37 |
| 10 | 40 |
| 3 | 33 |
Use TI-Calculator to answer:
- Find the correlation coefficient and the coefficient of determination. Interpret both measures in terms of the problem. Is r significant?
- Find the mean of x, the mean of y and the equation of the line of regression with its range of validity.
- Interpret what the line of regression would be used for.
- Predict the salary for a person who had 4 job changes.
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State the see. and its meaning for the regression line in terms of this problem.
e) Predict the salary of an employee with 8 job changes with 95 % accuracy.
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Solution: The downloadable solution consists of 6 pages
Deliverable: Word Document