Answered: Refer to the regression equation…

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?

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

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

$\hat{y}$ =the market pay line

$\hat{y} = a + b x$

Where b=0

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