Question 3: The relationship between the number of years of experience and salary for accountants in California is being studied. A sample of fourteen accountants were observed and the data recorded. The following scatterplot and regression analysis resulted: 90000 80000 n = 14 2 70000 ý = 58,111.29 + 2511.25x %3D
Question 3: The relationship between the number of years of experience and salary for accountants in California is being studied. A sample of fourteen accountants were observed and the data recorded. The following scatterplot and regression analysis resulted: 90000 80000 n = 14 2 70000 ý = 58,111.29 + 2511.25x %3D
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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Transcribed Image Text:Question 3: The relationship between the number of years of experience and salary (in dollars)
for accountants in California is being studied. A sample of fourteen accountants were observed
and the data recorded. The following scatterplot and regression analysis resulted:
90000
n = 14
80000
ý = 58,111.29 + 2511.25x
70000
60000
R2 = 0.9195
50000
40000
2
4
8
10
Years of Experience
a) Describe the form, direction, and strength of the relationship between years of experience
and salary. Identify a numerical value that supports your description.
b) Does the model provide a good fit to the data? Identify a numerical value that supports
your description.
c) Predict the salary for an accountant who has 7 years of experience. Are there any concerns
with your prediction?
d) Predict the salary for an accountant who has 12 years of experience. Are there any concerns
with your prediction?
F21 STAT 008 v1 AFlores
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