Refer to the regression equation presented in this chapter. When b = 0, the market pay line is parallel to the x-axis (i.e., job evaluation point scale).  What does this result indicate?

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Refer to the regression equation presented in this chapter. When b = 0, the market pay line is parallel to the x-axis (i.e., job evaluation point scale).  What does this result indicate?  

Expert Solution
Step 1

Given:

x=job evaluation point scale

y^=the market pay line

y^=a+bx

Where b=0

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