Which variable has the strongest linear relationship with salary?   Which two variables have the weakest linear relationship?     Interpret the negative correlation between gender and salary

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 27PFA
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Below is a correlation matrix for variables related to the annual salary for 30 employees at a company. The variables are gender (1 for female; 0 for male), age, number of years of relevant work experience prior to employment at the company, number of years of employment at the company, the number of years of post-secondary (college) education, and annual salary.

 

  1. Which variable has the strongest linear relationship with salary?

 

  1. Which two variables have the weakest linear relationship?

 

 

  1. Interpret the negative correlation between gender and salary

 

The image displays a correlation matrix illustrating the relationships between six variables: Gender, Age, Birthdate, Years at Company, Education, and Salary. Each cell in the matrix shows the correlation coefficient between two variables, with values ranging from -1 to 1. A value of 1 indicates a perfect positive correlation, while a value of -1 indicates a perfect negative correlation. A value of 0 indicates no correlation.

Here is the correlation matrix:

- **Gender**
  - Gender: 1.000
  - Age: 0.111
  - Birthdate: 0.251
  - Years at Company: -0.358
  - Education: 0.020
  - Salary: 0.154

- **Age**
  - Gender: 0.111
  - Age: 1.000
  - Birthdate: 0.800
  - Years at Company: 0.514
  - Education: 0.618
  - Salary: 0.976

- **Birthdate**
  - Gender: 0.251
  - Age: 0.800
  - Birthdate: 1.000
  - Years at Company: 0.587
  - Education: 0.884
  - Salary: 0.335

- **Years at Company**
  - Gender: -0.358
  - Age: 0.514
  - Birthdate: 0.587
  - Years at Company: 1.000
  - Education: 0.472
  - Salary: 0.570

- **Education**
  - Gender: 0.020
  - Age: 0.618
  - Birthdate: 0.884
  - Years at Company: 0.472
  - Education: 1.000
  - Salary: 0.017

- **Salary**
  - Gender: 0.154
  - Age: 0.976
  - Birthdate: 0.335
  - Years at Company: 0.570
  - Education: 0.017
  - Salary: 1.000

This matrix can be used for statistical analysis to assess the degree of association between these variables in the dataset. Higher absolute values of the correlation suggest a stronger relationship.
Transcribed Image Text:The image displays a correlation matrix illustrating the relationships between six variables: Gender, Age, Birthdate, Years at Company, Education, and Salary. Each cell in the matrix shows the correlation coefficient between two variables, with values ranging from -1 to 1. A value of 1 indicates a perfect positive correlation, while a value of -1 indicates a perfect negative correlation. A value of 0 indicates no correlation. Here is the correlation matrix: - **Gender** - Gender: 1.000 - Age: 0.111 - Birthdate: 0.251 - Years at Company: -0.358 - Education: 0.020 - Salary: 0.154 - **Age** - Gender: 0.111 - Age: 1.000 - Birthdate: 0.800 - Years at Company: 0.514 - Education: 0.618 - Salary: 0.976 - **Birthdate** - Gender: 0.251 - Age: 0.800 - Birthdate: 1.000 - Years at Company: 0.587 - Education: 0.884 - Salary: 0.335 - **Years at Company** - Gender: -0.358 - Age: 0.514 - Birthdate: 0.587 - Years at Company: 1.000 - Education: 0.472 - Salary: 0.570 - **Education** - Gender: 0.020 - Age: 0.618 - Birthdate: 0.884 - Years at Company: 0.472 - Education: 1.000 - Salary: 0.017 - **Salary** - Gender: 0.154 - Age: 0.976 - Birthdate: 0.335 - Years at Company: 0.570 - Education: 0.017 - Salary: 1.000 This matrix can be used for statistical analysis to assess the degree of association between these variables in the dataset. Higher absolute values of the correlation suggest a stronger relationship.
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