Essay
Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.
-Comment on whether each of the following conditions for correlation / linear regression is met.
a. Quantitative variable condition.
b. Linearity condition.
c. Outlier condition.
Correct Answer:
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a. Yes, both variables are qua...View Answer
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Correct Answer:
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