Question: Using your answers from part (b) and your answer from part (d), calculate by hand an approximation of the parameter estimate on the variable profits

Using your answers from part (b) and your answer from part

Using your answers from part (b) and your answer from part (d), calculate by hand an approximation of the parameter estimate on the variable profits from simple regression SALARY- B + B PROFITS +E. f) Showing your work, what is your estimate of B, ? b) What is the covariance between the variables salary and profit? Co-Variance is below. salary profits salary | 3.0e-06 profits | 983973 2 de+06 d) What is the interpretation of the parameter estimate on the variable profits? Every $1000 profit will increase one's salary by 5316129 thousand

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