Q 1 - A nation job placement company is interested indeveloping a model that might be used to explain thevariation in starting salaries for college graduates based onthe college GPA.through a random sample of the clients with which thiscompany has been associated.The following data were collectedGPA Starting Salary3.20$35,0003.40$29,5002.90$30,0003.60$36,4002.80$31,5002.50$29,0003.00$33,2003.60$37,6002.90$32,0003.50$36,000Based on this sample information:(a). Calculate the correlation coefficient between these twovariables.(b). Conduct a test of hypothesis to determine if there exists acorrelation between the two variables in the population.Use a significance level of 0.05.(c). determine the least squares regression model. Also,develop a scatter plot of the data and locate the regressionline on the scatter plot.

For the given data Find ( a ) r =? ( b ) Hypothesis test ( c ) Least square regression model

Answered: Q 1 - A nation job placement company is…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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