Correlation and Simple Regression. Test Markets, Inc., has conducted a survey to learn the income characteristics of an n = 10 sample of construction workers. The survey asked worker his or her annual income and number of years work experience. Survey results are:

The regression equation is:
INCOME = 13325 + 4497 EXPERIENCE

Question

Correlation and Simple Regression. Test Markets, Inc., has conducted a survey to learn the income characteristics of an n = 10 sample of construction workers. The survey asked worker his or her annual income and number of years work experience. Survey results are:

The regression equation is:
INCOME = 13325 + 4497 EXPERIENCE
Correlation and Simple Regression. Test Markets, Inc., has conducted a survey to learn the income characteristics of an n = 10 sample of construction workers. The survey asked worker his or her annual income and number of years work experience. Survey results are: The regression equation is: INCOME = 13325 + 4497 EXPERIENCE

The regression equation is:
INCOME = 13325 + 4497 EXPERIENCE

Quizplus · Accepted Answer

The Answer of Correlation and Simple Regression. Test Markets, Inc., has conducted a survey to learn the income characteristics of an n = 10 sample of construction workers. The survey asked worker his or her annual income and number of years work experience. Survey results are:

The regression equation is:
INCOME = 13325 + 4497 EXPERIENCE