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A personnel specialist with a large accounting firm is interested in determining the effect of seniority...

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Question

Basic Math

A personnel specialist with a large accounting firm isinterested in determining the effect of seniority on hourly wagesfor secretaries. She selects at random 10 secretaries and comparestheir years with the company (X) and hourly wages (Y).

xy
012
213
314
616
515
314
413
112
115
215
  • Calculate the regression slope and intercept (2 points).
  • Predict the hourly wage of a secretary that has been with thecompany for four years (1 point).
  • Find the coefficients of determination and nondetermination, andinterpret both values (2 points).

Answer & Explanation Solved by verified expert
3.8 Ratings (549 Votes)
Use excel to calculate the fitting of linear regression equationof linethe excel path is as follows Menu Excel Enter the data in the excel of thevariable x and y data dataanalysisregression ok Input Y Range select the data from the excel    See Answer
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