For a sample of 8 employees, a personnel director has collected the following data on ownership...

 

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For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x. 6 12 14 13 15 9 Y 300 408 560 252 288 650 630 522 (a) Determine the least squares regression line and interpret its slope (b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned? (c) Is there a statistical significance between years of service and ownership of company stocks? (use a = 0.05) Answer the question on a separate sheet of paper showing your work and upload your For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x. 6 12 14 13 15 9 Y 300 408 560 252 288 650 630 522 (a) Determine the least squares regression line and interpret its slope (b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned? (c) Is there a statistical significance between years of service and ownership of company stocks? (use a = 0.05) Answer the question on a separate sheet of paper showing your work and upload your

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o 9 Bo B x B B slope inkercept 443139 387558 x i... View the full answer