A newspaper in Germany reported that the more semesters needed to complete anacademic program at the university, the greater the starting salary in the first year of a job.The report was based on a study that used a random sample of 24 people who had recentlycompleted an academic program. Information was collected on the number of semesterseach person in the sample needed to compete the program and the starting salary, inthousands of euros, for the first year of a job. The data are shown in the followingscatterplot along with the corresponding LSRL and MINITAB output.PredictorConstantSemestersS = 7.34Coef34.021.16R-Sq = 33.5%Starting Salary (1,000 euros)70-6560-SE Coef254.46R-Sq(adj) = 30.5%0.351510Number of Semesters20T7.643.33P0.0000.003(a) What is the equation of the LSRL?(b) What is the predicted salary for an academic program that takes 30 semesters tocomplete?(c) Interpret the y-intercept of the regression line in the context of the problem.(d) Interpret the correlation coefficient in the context of the problem.

It is given that from the Minitab output: Constant coefficient, y-intercept = 34.02 Semester…

Answered: (a) What is the equation of the LSRL?…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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(a) What is the equation of the LSRL? (b) What is the predicted salary for an academic program that takes 30 semesters to complete? (c) Interpret the y-intercept of the regression line in the context of the problem.