What is the slope of the regression line ? What is the y-intercept of the regression line?       3.Write the equation of the regression line (in the form y=mx+b)       4.  What is the correlation coefficient (r-value)?      5. Interpret the the correlation coefficient (r-value). Is there a strong/weak relationship between the variables? Remember - the closer to 1 or -1 the stronger the relationship!

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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  1. What is the slope of the regression line ?
  2. What is the y-intercept of the regression line? 

     3.Write the equation of the regression line (in the form y=mx+b)

      4.  What is the correlation coefficient (r-value)?

     5. Interpret the the correlation coefficient (r-value). Is there a strong/weak relationship between the variables? Remember - the closer to 1 or -1 the stronger the relationship! 

 

Years of Experience Salary in 1000$
2
15
3
28
5
42
13
64
8
50
16
90
11
58
1
8
54
Transcribed Image Text:Years of Experience Salary in 1000$ 2 15 3 28 5 42 13 64 8 50 16 90 11 58 1 8 54
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