A Regression Model Was Developed Relating Average Annual Pay to the Percentage

question 2

Essay

A regression model was developed relating average annual pay to the percentage of
women employed for a sample of companies. Below is the plot of residuals.

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Definitions:

Z-Scores

Standardized scores that indicate how many standard deviations an observation is from the mean of a distribution.

Z-Score

A measure showing how many standard deviations an element is from the mean.

Z-Scores

Standardized scores that indicate the number of standard deviations an element is from the mean of its distribution.

Standard Deviations

A measure that quantifies the amount of dispersion or variation of a set of data values from the mean.