We are hiring new housekeeping staff. We are interested in predicting how long we can expect our new hires to remain with the company based on their age when we hire them. Below, see the records of previous employees that we hired and how long they stayed with the company. Age at hireYears with Company221719103010.5311132154564811495.2683654.2 Create a scatterplot of this data and comment on the relationship between the variablesCalculate the correlation coefficient between these two variablesDoes a linear relationship exist?Calculate the least squares regression equationUsing your equation, predict how long we would expect a 43 year old new hire to remain with the company

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6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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We are hiring new housekeeping staff. We are interested in predicting how long we can expect our new hires to remain with the company based on their age when we hire them. Below, see the records of previous employees that we hired and how long they stayed with the company.

Create a scatterplot of this data and comment on the relationship between the variables
Calculate the correlation coefficient between these two variables
Does a linear relationship exist?
Calculate the least squares regression equation
Using your equation, predict how long we would expect a 43 year old new hire to remain with the company

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