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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?
New Economy
An economy based on digital technologies, emphasizing information, knowledge, and innovation.
Generation X
The demographic cohort following the baby boomers, typically defined as being born from the early 1960s to the late 1970s.
Networking Base
Networking base denotes the group of contacts a person or organization uses to gain benefits, such as advice, opportunities, or information.
Generation Z
A demographic cohort following Generation Y (Millennials), typically defined as those born from the mid-1990s to the early 2010s.
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