Consider the Following to Answer the Question(s) Below

question 17

Essay

Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.

-Estimate the linear regression model that relates the response variable (cash bonus) to the predictor variable (annual pay).
a. Find the slope of the regression line.
b. Find the intercept of the regression line.
c. Write the equation of the linear model.

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Definitions:

Risks

The potential for losing something of value, or the exposure to danger, harm, or loss.

Articles of Partnership

A document that formalizes an agreement between partners to manage and operate a business together and share its profits.

Provisions

Liabilities of uncertain timing or amount, set aside in a company’s financial statements to cover anticipated losses or obligations.

Events

Occurrences or actions that can have an impact on the operational, financial, or legal standing of an organization.