The human resources department at a large multinational corporation wants to be able to predict average salary

Question:

The human resources department at a large multinational corporation wants to be able to predict average salary for a given number of years of experience. Data on salary (in $1000s) and years of experience were collected for a sample of employees.

a) Which variable is the explanatory or predictor variable?

b) Which variable is the response variable?

c) Which variable would you plot on the y-axis?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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