2. The Manager wants to fix the Income of employees for the production department. The past data on 8 incomes with the Experience is shown below

Experience (in years)          10    12    6     7      10      8     1     5 

Income (in thousands)       25    28    17    18   24     21   10   16

a. Find the correlation between Experience and Income.

b. Determine the coefficient of determination and interpret it.

c. Estimate the monthly salary for a person having 14 years of Experience by assuming the linear relation between the two variables. (10 Marks)

The answer should be in a word format, Don't write in-plane paper. It should be a plagiarism-free. And a min of 800 words

Answer rating: 100% (QA)

a Considering that income of the employees in the production department is dependent on their respective experience level the x or the independent variable would be the experience and the y or the dep... View the full answer