Number of Years
Data Was Collected to Describe the Relationship

question 70

Essay

Number of years
Data was collected to describe the relationship between salary and number of years of working experience at a particular organization and is shown below in the following table.
$$\begin{array} { | c | c | c | } \hline \text { Employee } & \text { Salary } & \text { Years af Experience } \\\hline 1 & \$ 35,000 & 4 \\\hline 2 & \$ 7,200 & 13 \\\hline 3 & \$ 45,900 & 6 \\\hline 4 & \$ 42,200 & 7 \\\hline 5 & \$ 65,600 & 10 \\\hline 6 & \$ 51,500 & 9 \\\hline 7 & \$ 57,200 & 5 \\\hline 8 & \$ 71,400 & 7 \\\hline\end{array}$$
-Using the least-squares regression line,predict the salary of an employee with 11 years of experience.

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Definitions:

Written Contract

is an agreement between two or more parties that has been expressed in written form and is legally enforceable.

Kitchen Cabinets

Built-in furniture found in a kitchen, used for food storage, cooking equipment, and often silverware and dishes for table service.

Nonconforming Goods

Goods that are not the same as those called for under a contract or that are in some way defective.

Written Contract

A formal agreement between parties, recorded in a document, that outlines the terms and conditions binding them.