Question: Activity I - Your firm is interested in learning more about how its salaries relate to its employees' tenure with the firm. It has collected
Activity I - Your firm is interested in learning more about how its salaries relate to its employees' tenure with the firm. It has collected the following data for 25 of its employees.
| EMPLOYEE NUMBER | TENURE (YEARS) | SALARY ($) |
| 1 | 15 | 53,908 |
| 2 | 32 | 78,230 |
| 3 | 14 | 55,164 |
| 4 | 20 | 57,647 |
| 5 | 25 | 63,111 |
| 6 | 14 | 54,991 |
| 7 | 28 | 74,571 |
| 8 | 30 | 73,189 |
| 9 | 28 | 71,859 |
| 10 | 17 | 55,978 |
| 11 | 14 | 61,676 |
| 12 | 6 | 44,865 |
| 13 | 21 | 64,676 |
| 14 | 11 | 59,101 |
| 15 | 14 | 58,441 |
| 16 | 32 | 81,964 |
| 17 | 29 | 76,373 |
| 18 | 33 | 82,860 |
| 19 | 27 | 70,019 |
| 20 | 16 | 58,474 |
| 21 | 26 | 80,074 |
| 22 | 3 | 45,594 |
| 23 | 14 | 63,676 |
| 24 | 9 | 68,444 |
| 25 | 14 | 70,306 |
Plot these data points, and describe using regression how salary relates to firm tenure for this group.
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