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.

-Below is a plot showing residuals versus fitted values for the estimated regression equation relating cash bonus to pay for the account executives at Johnson Financial. Are all the conditions for linear regression met? Explain.

Question

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.
  
-Below is a plot showing residuals versus fitted values for the estimated regression equation relating cash bonus to pay for the account executives at Johnson Financial. Are all the conditions for linear regression met? Explain.

Quizplus · Accepted Answer

The Answer of 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.
  
-Below is a plot showing residuals versus fitted values for the estimated regression equation relating cash bonus to pay for the account executives at Johnson Financial. Are all the conditions for linear regression met? Explain.

Consider the Following to Answer the Question(s) Below