Question: 2.162 Salaries and raises . For this exercise we consider a hypothetical employee who starts working in Year 1 with a salary of $50,000 .Each

2.162 Salaries and raises . For this exercise we consider a hypothetical employee who starts working in Year 1 with a salary of $50,000 .Each year her salary increases by approximately 5%. By Year 20, she is earning $126,000 The following table gives her salary for each year (in thousands of dollars ): RAISES 130 Salary (5 thousands) 883888258 0 2 4 6 810121416181) Years of employment FIGURE 2.34 Plot of salary versus year for an individual who receives approximately a 5% raise each year for 20 years ,with the least squares regression line , for Exercise 2.162 . (a) Figure 2.34 is a scatterplot of salary versus year , with the least -squares regression line. Describe the relationship between salary and year for this person . Ans : the relationship of salary versus year of employment is linear and positive
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