Essay
Use the data given below to answer the following question(s).
Following is an extract from a firm's database detailing the number of hours spent on the job by employees and their corresponding pay. (Note: Assume a level of significance of 0.05 wherever necessary.)
-Construct a scatter diagram and use the Excel Trendline tool to find the best-fitting simple linear regression model.
Correct Answer:

Verified
Correct Answer:
Verified
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Q12: The standard error may be assumed to
Q13: When two or more independent variables in
Q14: Identify the components of simple linear
Q15: While testing hypotheses for regression coefficients,
Q17: Interpret the confidence intervals.
Q18: Interpret residual output.
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Q21: List the systematic approach to build good