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} Draw the scatter diagram and plot the least squares line.
Definitions:
Effective Cost
The total cost of a financing option, including all fees and interest, adjusted for any discounts or premiums, providing a true comparison of costs.
Annual Rate
Annual rate often refers to the interest rate for a period of one year, but can also apply to any annualized financial metric intended to allow comparison over a year's period.
Implied Annual Cost
The total cost associated with financing or an investment, expressed on a yearly basis, often calculated through the analysis of implied rates or costs.
Forgoing
The act of giving up or going without something, often in the context of making financial or investment decisions.
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