Question

At a large company, the salaries (y, in thousands of dollars) and years of experience (x)...

At a large company, the salaries (y, in thousands of dollars) and years of experience (x) of six randomly chosen engineers are:

x (years) 6 7 9 10 13 15

y (salary) 44 41 43 45 51 49

Compute the least squares regression equation and use that equation to predict the salary (in thousands of dollars) of a new employee with 8 years of experience,

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