Question: Table P-18 gives weekly wages (WAGES) in dollars and length of service (LOS) in months, at a specific point in time, for 16 women who
.png)
a. Plot the data in Table P-18 as a scatter diagram with WAGES along the vertical (Y) axis and LOS along the horizontal (X) axis.
b. Calculate the sample correlation coefficient, r. Using the sign and magnitude of r, describe the nature of the linear association between WAGES and LOS. Can you think of other variables that might affect weekly wages in addition to length of service?
c. Calculate the fitted line that can be used to predict WAGES from LOS. If LOS is 80 months, what is the predicted WAGES?
as 94 60 45 39 20 76 06 62 68 52 58 39 98 70 60 9 643270665253976 a 38 3 3 3 3 400 90 4 4 4 6 3 4 4 4 4 8347 A-3333343444334434 lo 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
Step by Step Solution
3.32 Rating (182 Votes )
There are 3 Steps involved in it
a b r 581 positive linear association between wages and l... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
628-M-S-L-R (5696).docx
120 KBs Word File
