User Account

All Pages

Correlation and regression

Assignment Help Basic Statistics
Reference no: EM131106884

Correlation and Regression

A survey was carried out to find the salaries for technicians working in maintenance at Atlanta International Airport. The number of years spent in education was recorded as was their yearly salary. Below in the table are the results for this survey.

Education (years) Income ($ ,000s)

8 20
12 28
10 27
20 55
16 45
18 60
13 29
12 25
16 37
14 32

a) Describe in words and statistical terms the relationship between the number of years in education and corresponding salary earned. Discuss the results in terms of this sample and the population in general.

b) If William has 16 years in education what would be the expected yearly salary?

c) If John only has 5 years of education what salary would he expect on average?

Reference no: EM131106884

Questions Cloud

How critical they to long-term success of any organization : We will start our weekly discussions off by addressing the following: In your opinion, what are the main characteristics of a "strategic leader" and how critical are they to the long-term success of any organization? Give examples of great and poo..
Quality air conditioning manufactures three home air : Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard model, and a deluxe model. The profits per unit are $63, $95, and $135, respectively. The production requirements per unit are as follows:
Characteristics of the iq test : Normal distribution is the most important type of distribution in the real world and applies to many different areas. For example--the IQ test is normally distributes, Can you find the characteristics of the IQ test?
How will you navigate around those challenges : In a 1-2 page APA cited paper, describe the specific challenges that you will face in creating a social media campaign for your business. How will you navigate around those challenges? How will you stay topical and credible in your social media ca..
Correlation and regression : A survey was carried out to find the salaries for technicians working in maintenance at Atlanta International Airport. The number of years spent in education was recorded as was their yearly salary. Below in the table are the results for this surv..
How can employees benefit from alternative work arrangements : How can employees benefit from alternative work arrangements? Why? What are some of the possible negative outcomes for employers and/or employees regarding alternative work arrangements?
The normal probability distribution and standard deviation : For the most recent year available, the mean annual cost to attend a private university in the United States was $26,889. Assume the distribution of annual costs follows the normal probability distribution and the standard deviation is $4,500. Nin..
State how you would apply each tool to your personal entity : Investigate at least 5 different social media tools and post short synopses of each to the discussion forum. State how you would apply each tool to your personal entity.
Develop a marketing plan for one of the organisations : Students are required to develop a marketing plan for one of the following organisations: Apple, Samsung, Sony or Motorola. The objective of the plan is FIRST to identify a new innovative product related to one of the organisations above and then ..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Which pure element would react violently with oxygen

Based on its position in the periodic table of the elements, which pure element would also react violently with oxygen and water?

  Lt fxx 0 if xgt2 or 121-x2 if xlt2 be the density

let fxx 0 if xgt2 or 121-x2 if xlt2 be the density function of a random variable x. find the characteristic function

  An instructor believes that 20 or less of the students who

an instructor believes that 20 or less of the students who finish a statistics course get an a grade. a sample of 90

  Probldem regarding the heard on the street

Beginning in March 1981, R. Foster Winans was a Wall Street Journal reporter and one of the writers of the "Heard on the Street" column (the "Heard" column), a widely read and influential column in the Journal.

  Probability that number classified as deceptive is less

Probability about 0.2 of suggesting that the person is deceptive. What is the probability that the number classified as deceptive is less than the mean?

  Set of data to having correlation coefficient of zero

Explain why it makes sense for a set of data to have a correlation coefficient of zero when the data show a very definite pattern.

  A sample of 20 of 171 funded projects revealed that 11 were

a sample of 20 of 171 funded projects revealed that 11 were valued at 18000 each and 9 were valued at 20200 each. from

  Decision to buy model a if repair cost is given

Standard deviation was $15.50. For 56 Model B ovens, the mean repair cost was $85 and the standard deviation was $30. At alpha=.01, would you buy Model A?

  Determine the upper limit of the confidence interval

True mean chloride level of all healthy Washington residents. What is the lower limit of the 90% confidence interval? what is the upper limit of the 90% confidence interval?

  Find the pmf of the number of points

The MIT team will receive 2 points for a win, 1 for a tie. and 0 for a loss. Find the PMF of the number of points that the team earns over the weekend.

  Find margin of error in poll was reported as six percentage

The margin of error in the poll was reported as 6 percentage points (with a 95% degree of confidence). Which statement is correct?

  List the eight phases of development of a canal system

List the eight phases of development of a canal system. Discuss the possible costs incurred by the canal owner, the canal users (shippers), and the surrounding community at each phase of developing this engineering system.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd