The following data give the experience (in years) and monthly salaries (in hundreds of dollars) of nine

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The following data give the experience (in years) and monthly salaries (in hundreds of dollars) of nine randomly selected secretaries.

a. Find the least squares regression line with experience as an independent variable and monthly salary as a dependent variable.
b. Construct a 98% confidence interval for B.
c. Test at the 2.5% significance level whether B is greater than zero.

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Introductory Statistics

ISBN: 9780470904107

8th Edition

Authors: Prem S. Mann

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Question Posted: Aug 25, 2015 08:36 AM

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The following data give the experience (in years) and monthly salaries (in hundreds of dollars) of nine

Question:

14 5 918 5 16 Experience Monthly salary 62 374335 0 67 32 60

Step by Step Answer:

Let x years of experience and y monthly salary n 9 x 80 y 425 x 2 968 y 2 21841 ...View the full answer

Introductory Statistics

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