Use the Data Given Below to Answer the Following Questions)

question 11

Essay

Use the data given below to answer the following questions).
Following is an extract from a firm's database detailing the number of hours spent on the job by employees and their corresponding pay. Note: Assume a level of significance of 0.05 wherever necessary.) $$\begin{array} { | c | c | } \hline \text { Hours spent on the job } & \text { Salary } \$ \mathbf { ~ } \\\hline 4 & 340 \\\hline 12 & 850 \\\hline 7 & 570 \\\hline 5 & 470 \\\hline 11 & 820 \\\hline 8 & 610 \\\hline 9 & 630 \\\hline 13 & 900 \\\hline 10 & 800 \\\hline 6 & 480 \\\hline\end{array}$$
-Interpret residual output.

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Definitions:

Homogeneity

The quality or state of being composed of parts that are all of the same kind; uniformity.

Fluidity

The quality of being adaptable or capable of changing easily; often used in the context of gender, sexuality, and identity to describe a spectrum of experiences that are not fixed.

Non-Dominant Group

A social or ethnic group that does not hold a large amount of power or influence in a society compared to the dominant or majority groups.

Poverty Line

An officially determined threshold of income that is considered the minimum necessary to maintain an adequate standard of living in a given country.