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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 versus predicted values. a. What can you see in the plot of residuals that may not have been clear in the original scatterplot of the data?
b. Would a re-expression of the data help? If so, what would you recommend?
Firm Prosper
The successful growth and financial health of a company.
Implicit Attitudes
Unconscious beliefs or feelings towards people, objects, or concepts that can influence behavior and perceptions.
Explicit Attitudes
Beliefs or feelings about people, objects, or ideas that individuals are consciously aware of and can easily report.
Schema Mode
A mental framework that helps organize and interpret information, affecting how situations are perceived and responded to.
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