5. A small study is carried out to see if there is any relationship between the...
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5. A small study is carried out to see if there is any relationship between the number of years a solicitor has been practising and the hourly rate they charge. A sample of data for 3 solicitors is presented below: Years of experience (x) 2 4 12 Hourly rate in £ (y) 145 170 225 Calculate the following for the data set: (a) The five sums Ex. Ey. Ex. Ey³. Exy (b) 8 and 9 (c) S... Syy and Sy (d) The product-moment correlation coefficient, r. to 2 decimal places the nature of the correlation. (5 marks) (2 marks) (3 marks) and state (2 marks) (e) The equation of the regression line ya + bx, and use it to estimate the hourly rate of a solicitor with 8 years experience. (3 marks) (15 marks) 5. A small study is carried out to see if there is any relationship between the number of years a solicitor has been practising and the hourly rate they charge. A sample of data for 3 solicitors is presented below: Years of experience (x) 2 4 12 Hourly rate in £ (y) 145 170 225 Calculate the following for the data set: (a) The five sums Ex. Ey. Ex. Ey³. Exy (b) 8 and 9 (c) S... Syy and Sy (d) The product-moment correlation coefficient, r. to 2 decimal places the nature of the correlation. (5 marks) (2 marks) (3 marks) and state (2 marks) (e) The equation of the regression line ya + bx, and use it to estimate the hourly rate of a solicitor with 8 years experience. (3 marks) (15 marks)
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To compute the expected qualities for the given informational collection how about we go through eac... View the full answer
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
Posted Date:
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