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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.
-Comment on whether each of the following conditions for correlation / linear regression is met.
a. Quantitative variable condition.
b. Linearity condition.
c. Outlier condition.
GDP
Short for Gross Domestic Product, it measures the total economic output of a country, representing the sum of all goods and services produced over a specific time period.
Net Exports
The difference between a country's total value of exports and total value of imports.
Globalization
Globalization describes the process by which businesses or other organizations develop international influence or start operating on an international scale.
Exploited
Exploited describes a situation where individuals or groups are taken advantage of unfairly for others' benefit, often under conditions that undermine their rights or dignity.
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