A sociologist is interested in the relation between x = number of job changes and y = annual salary (in thousands of dollars) for people living in the Nashville area. A random sample of 10 people employed in Nashville provided the following information.
x (number of job changes) | 3 | 5 | 4 | 6 | 1 | 5 | 9 | 10 | 10 | 3 |
y (Salary in $1000) | 37 | 32 | 34 | 32 | 32 | 38 | 43 | 37 | 40 | 33 |
Σx = 56; Σy = 358; Σx2 = 402; Σy2 = 12,948; Σxy = 2,077
(a) Find x, y, b, and the equation of the least-squares line. (Round your answers for x and y to two decimal places. Round your least-squares estimates to three decimal places.)
x | = | |
y | = | |
b | = | |
ŷ | = | + x |
(b) Draw a scatter diagram for the data. Plot the least-squares
line on your scatter diagram.
(c) Find the sample correlation coefficient r and the
coefficient of determination. (Round your answers to three decimal
places.)
r = | |
r2 = |
What percentage of variation in y is explained by the
least-squares model? (Round your answer to one decimal
place.)
%
(d) If someone had x = 5 job changes, what does the
least-squares line predict for y, the annual salary?
(Round your answer to two decimal places.)
thousand dollars
Get Answers For Free
Most questions answered within 1 hours.