Data on 10 mid-level managers in insurance industry is given below, in the box. Employees refer to number of employees supervised and salary refer to annual salary in 1000$. Employees 28 31 38 38 43 47 48 49 53 56 Salary 99 102 136 127 157 121 173 197 200 176 a. Create the regression equation. b. Forecast the salary of a manager who supervises 90 employees by using the regression equation you created.
Data on 10 mid-level managers in insurance industry is given below, in the box. Employees refer to number of employees supervised and salary refer to annual salary in 1000$. Employees 28 31 38 38 43 47 48 49 53 56 Salary 99 102 136 127 157 121 173 197 200 176 a. Create the regression equation. b. Forecast the salary of a manager who supervises 90 employees by using the regression equation you created.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Data on 10 mid-level managers in insurance industry is given below, in the box. Employees refer to
number of employees supervised and salary refer to annual salary in 1000$.
Employees 28 31 38 38 43 47 48 49 53 56
Salary 99 102 136 127 157 121 173 197 200 176
a. Create the regression equation.
b.
equation you created.
Transcribed Image Text:Data on 10 mid-level managers in insurance industry is given below, in the box. Employees refer to
number of employees supervised and salary refer to annual salary in 100O$.
Employees
28
31
38
38
43
47
48
49
53
56
Salary
99
102
136
127
157
121
173
197
200
176
a. Create the regression equation.
b. Forecast the salary of a manager who supervises 90 employees by using the regression
equation you created.
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