Use the Data Given Below to Answer the Following Question(s)

question 48

Essay

Use the data given below to answer the following question(s).
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.)
$$\begin{array} { | r | r | } \hline \begin{array} { l } \text { Hours spent } \\\text { on the job }\end{array} & \text { Salary (\$) } \\\hline 4 & 340 \\\hline 12 & 850 \\\hline 7 & 570 \\\hline 5 & 470 \\\hline 11 & 820 \\\hline 8 & 610 \\\hline 9 & 630 \\\hline 13 & 900 \\\hline 10 & 800 \\\hline 6 & 480 \\\hline\end{array}$$
-List the systematic approach to building good multiple regression models.

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Definitions:

Testes

Male reproductive organs responsible for producing sperm and hormones, notably testosterone.

Penis

The male genital organ used for sexual reproduction and urination.

Primitive Testes

The early form of male gonads that develop during embryonic stages, leading to the production of sperm and secretion of male sex hormones.

Androgens

A group of hormones, such as testosterone, that play a role in male traits and reproductive activity.