Question: Find the regression equation (round to one significant digit) using the salary and age data. Use variable y to denote salary and variable x to

Find the regression equation (round to one significant digit) using the salary and age data. Use variable y to denote salary and variable x to denote age. Use the equation to predict the salary for someone who is 40 years old.

Salary Age
$214,037 63
$182,423 65
$239,123 50
$410,714 59
$181,848 63
$141,080 52
$215,776 43
$89,818 51
$253,607 50
$420,420 52
$255,771 39
$99,218 45
$358,820 45
$153,246 43
$158,916 40
$103,920 52
$211,214 47
$77,087 47
$126,735 60
$273,900 65
$270,900 60
$209,120 50
$80,250 35
$91,662 38
$98,449 42
$161,172 67
$273,900 59
$283,900 47
$81,648 34
$237,760 37
$234,463 51
$349,040 51
$152,569 40
$244,400 58
$260,100 47
$160,900 62
$308,420 49
$73,639 30
$186,900 49
$206,900 49
$207,535 42
$590,900 57
$262,100 42
$273,420 51
$65,296 49
$284,900 36
$284,900 60
$167,100 64
$250,420 53
$382,170 53
$301,300 64
$311,874 59
$175,250 33
$143,849 49
$196,400 51
$142,005 52
$250,900 60
$137,394 40
$258,900 44
$282,324 65
$200,900 51
$105,446 31
$140,155 49
$158,701 44
$162,338 69
$69,462 50
$274,500 49
$162,821 43
$238,900 43
$172,901 38
$186,430 53
$79,411 32
$238,320 45
$59,161 60
$138,720 38
$250,420 33
$284,400 50
$61,102 35
$36,295 56
$420,420 55
$148,312 44
$133,190 40
$83,709 52
$170,420 33
$102,720 29
$142,115 38
$300,900 46
$93,045 32
$143,093 33
$142,900 37
$75,043 41
$67,079 45
$134,997 36
$190,745 43
$114,284 39
$113,995 29
$146,412 35
$98,752 25
$102,143 28
$215,000 38
$270,900 64
$116,110 42
$270,634 49
$93,197 35
$84,435 62
$146,036 42
$128,073 52
$360,900 48
$129,302 36
$113,720 31
$131,320 49
$58,711 48
$97,280 38
$138,955 49
$111,916 46
$86,493 38
$233,400 60
$241,570 57
$70,666 32
$113,410 49
$188,208 62
$130,543 33
$85,670 27
$112,838 37
$125,200 50
$184,555 33
$96,270 30
$63,554 26
$317,982 58
$66,035 26
$115,920 52
$56,450 24
$234,500 44
$72,279 29
$105,756 40
$62,735 56
$220,358 48
$130,370 33
$86,660 35
$125,820 38
$130,420 30
$88,420 30
$101,092 31
$84,735 34
$98,752 28
$157,959 40
$72,146 33
$91,024 29
$280,900 58
$270,900 41
$137,480 39
$55,900 24
$260,900 48
$280,900 53
$270,900 59
$21,584 51
$58,192 35
$285,900 57
$104,150 28
$102,192 31
$280,900 55
$280,900 54
$428,400 56
$280,900 53
$322,820 39
$274,400 55
$163,720 34
$115,088 46
$280,900 40
$260,900 56
$354,620 51
$316,525 36
$238,400 49
$74,025 25
$132,900 37
$270,420 54
$200,420 29
$155,420 30
$80,420 28
$260,420 62
$84,020 35
$287,920 44
$280,420 51
$88,420 28
$121,420 33
$180,420 63
$180,420 26
$127,420 36
$88,420 25
$77,420 31
$115,920 47
$60,420 22
$280,420 40
$300,420 43
$60,420 25
$300,420 46
$60,420 24
$170,420 44
$60,920 22
$60,420 28
$95,420 26
$88,420 25
$60,420 23
$300,420 43
$60,420 22
$125,420 30
$280,420 42
$399,152 46
$270,151 40
$232,170 41
$255,420 33
$69,126 34
$104,920 25
$172,900 29
$90,164 47
$106,020 28
$104,920 38
$69,280 43
$136,406 46
$62,735 45
$117,900 46
$66,420 32
$50,420 23
$152,220 36
$200,420 48

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!