Given the Following Sample Data

question 72

Essay

Given the following sample data:

a.
Calculate the covariance and the correlation coefficient.
b.
Comment on the relationship between x and y.
c.
Determine the least squares line.
d.
Draw the scatter diagram and plot the least squares line.

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Definitions:

Costs

Expenses related to attracting recruits.

Human Resource Planning

A process used to determine future human resource requirements and the business processes that will be needed to support and enable those resources by anticipating future business demands, analyzing the impacts of these demands on the organization, determining the current availability of human resources and the applicable business processes, and making decisions on how to effectively adapt and utilize firms’ human resources.

Succession Planning

The process of identifying and preparing suitable employees through development and training to replace key players within an organization as they vacate their positions.

Replacement Planning

A strategic process of identifying and developing potential successors for key positions within an organization to ensure continuity.