A Company Manager Is Interested in the Relationship Between X

Essay

A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following MINITAB output is from a regression analysis for predicting y from x for n = 15 data points. What is the least squares regression equation? = ______________
What are the least squares estimates of the slope?
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What are the least squares estimates of the y-intercept?
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Interpret the estimated slope.
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Interpret the estimated y-intercept.
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What is the value of ?
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What is the value of the sum of squares for error (SSE)?
______________
Find the coefficient of determination.
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Interpret the coefficient of determination.
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Does a linear relationship exist between x and y? Test using = 0.05.
What is the p-value?
______________
Conclude:
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A linear relationship ______________ exist between x and y.