Following is the gross pay for Ed for his first 8 years at his current job. Year Salary 35,000 36,814 38,212 42,870 44,125 48,532 59,075 60,785 a. What is the explanatory variable? b. What is the response variable? c. What is the equation of the line of best fit? d. What is R2? e. What does that mean? f. What is r? g. What does that mean? h. Estimate Ed’s pay after 10 years

Following is the gross pay for Ed for his first 8 years at his current job. Year Salary 35,000 36,814 38,212 42,870 44,125 48,532 59,075 60,785 a. What is the explanatory variable? b. What is the response variable? c. What is the equation of the line of best fit? d. What is R2? e. What does that mean? f. What is r? g. What does that mean? h. Estimate Ed’s pay after 10 years

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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Question

Following is the gross pay for Ed for his first 8 years at his current job.

Year Salary

35,000
36,814
38,212
42,870
44,125
48,532
59,075
60,785

a. What is the explanatory variable?

b. What is the response variable?

c. What is the equation of the line of best fit?

d. What is R²?

e. What does that mean?

f. What is r?

g. What does that mean?

h. Estimate Ed’s pay after 10 years.

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