The following sample data contains the number of years of college and the current annual salary for a random sample of heavy equipment salespeople. 
a. Which variable is the dependent variable? Which is the independent variable?
b. Determine the least squares estimated regression line.c. Predict the annual income of a salesperson with one year of college.d. Test if the relationship between years of college and income is statistically significant at the .05 level of significance.e. Calculate the coefficient of determination.
f. Calculate the sample correlation coefficient between income and years of college. Interpret the value you obtain.
Definitions:
Successful Mergers
The combining of two or more companies in a way that results in increased value generation, efficiency gains, and enhanced competitiveness in the market.
Rapid Growth
This denotes a phase where a company or economy experiences an above-average increase in revenue, production, or other significant measures over a short time.
Acquisitions
The process of obtaining control of another corporation by purchasing or exchanging equity interests or assets.
Horizontal Merger
A horizontal merger is a business consolidation that occurs between firms operating in the same industry or producing similar products, aimed at increasing market share.
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