PLEASE LET ME KNOW HOW TO SOLVE THIS IN MICROSOFT EXCEL...EXCEL PLEASE
A company wants to study the relationship between an employee's length of employment and their | ||||||||||||||||||||||||||||||||||||||||
number of workdays absent. The company wants to be able to estimate the number of workdays absent | ||||||||||||||||||||||||||||||||||||||||
based on the employee's length of employment. The company collected the following information on a | ||||||||||||||||||||||||||||||||||||||||
random sample of seven employees. Somewhere in the spreadsheet: 1) Create a Scatter Chart to visually | ||||||||||||||||||||||||||||||||||||||||
show the relationship between the variables. Then calculate the slope and y-intercept. Finally, use the slope and y-intercept | ||||||||||||||||||||||||||||||||||||||||
in the simple linear regression equation to predict what the y value will be when x = 5, put you answer in cell B9.
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1) Scatter Plot in Excel:
Select Data > Insert > Select the scatter Diagram( presents in the category of charts)
Scatter Diagram will display on screen. Select Scatter Diagram . Then go to Design > Add Chart Element > Select Axis title and Chart title.
Q 2) Regression
Go to Data tab >> Select Data Analysis > Select Regression - click Ok
Then Select Y and X range of data > Tick lables (first you select first row (heading row) of the data .
Select Output range (where you want results) > Click Ok
The regression Output is
The least Square value of slope and intercept are given in last table in regression output
The least square regression equation is
When X = 5,
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