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Longevity and Salary A sample of eight observations of variables x (years of experience)and y (salary in $1,000s)is shown below:
-{Longevity and Salary Narrative} Determine the least squares line,and use it to estimate the value of y for x = 6.
Slope
In mathematics, the measure of the steepness or incline of a line, often calculated as the ratio between the change in the y-value to the change in the x-value.
Horizontal Line
In geometry and graphing, a straight line that runs left to right (parallel to the x-axis) and has a slope of zero, indicating no change in the y-value across different points on the line.
Upward-sloping Line
A graphical representation often used to show a positive relationship between two variables on a graph, indicating that as one variable increases, the other does as well.
Entrepreneurs
Individuals who initiate, manage, and take on the risks of a new business or venture, aiming to transform innovations into economic goods.
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