Salary and Years Narrative
A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following statistical software output is from a regression analysis for predicting y from x for n = 15 data points. s = 0.8081 R-sq = 97.9% R-sq(adj) = 97.8%
-Refer to Salary and Years Narrative. What are the least-squares estimates of the slope and the y-intercept?

Question

Salary and Years Narrative
A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following statistical software output is from a regression analysis for predicting y from x for n = 15 data points.  s = 0.8081 R-sq = 97.9% R-sq(adj) = 97.8%
-Refer to Salary and Years Narrative. What are the least-squares estimates of the slope and the y-intercept?

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The Answer of Salary and Years Narrative
A company manager is interested in the relationship between x = number of years that an employee has been with the company and y = the employee's annual salary (in thousands of dollars). The following statistical software output is from a regression analysis for predicting y from x for n = 15 data points.  s = 0.8081 R-sq = 97.9% R-sq(adj) = 97.8%
-Refer to Salary and Years Narrative. What are the least-squares estimates of the slope and the y-intercept?