A national job placement company is interested in developing a model that might be used to explain the variation in starting salaries for college graduates based on the college GPA.The following data were collected through a random sample of the clients with which this company has been associated.
Based on this sample information,determine the least squares regression model,determine what percent of the variation in starting salaries is explained by GPA,and test to determine whether the regression model is statistically significant at the 0.05 level of significance.Also,develop a scatter plot of the data and locate the regression line on the scatter plot.
Definitions:
Contributory Negligence
Contributory negligence is a legal concept that can reduce or eliminate the plaintiff's right to recover damages if it is found that the plaintiff's own negligence contributed to the harm suffered.
Actual Damages
A sum of money equal to the real financial loss suffered by an injured party. Also called compensatory damages.
Damages
A monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another.
Malicious Prosecution
The act of initiating a legal action with the intent to harass or to unjustly harm another party.
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