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Paired sample data is given. Discuss what it would mean for Assumptions 1-3 for regression inferences to be satisfied bythe variables under consideration.
-A social scientist is interested in the relationship between age and income in adults aged 20-60. A random sample of eight adults yields the following data, where x denotes age in years and y denotes annual income in thousands of dollars.
Salespersons
Individuals who are employed to sell products or services to customers, often working on commission.
Average Sales
The sum of all sales amounts divided by the number of sales transactions, indicating the typical sales value.
Variance
A statistical measure of the dispersion or spread in a set of data points, indicating how much the values differ from the mean of the set.
Variance
A measure of variability that denotes the average of the squared differences from the mean, showing how widely the values in a data set are spread.
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