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Salaries at a large company were studied. There appears to be some correlation between aveerage years at the company and average income. The relationship is summarized as follows: ave. years at Co.= 9 years SD=2.1 Ave. income= $19,500 SD=$13,500 Find the regression equation predicting income from years spent at Co. predicted income=$4000per year X years-4500 predicted income=$4000per year X years- 2000 predicted income= $2571per year X years-3639 Predicted income = $2000per yearX years -4500 predicted income = $2571 per yearX years -250

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Carlos Rodriguez <carlos@math.albany.edu>

This problem was contributed by a student in Elementary Statistics. It is offered as it is with no warranty of any kind
Last modified: Wed May 13 12:29:11 EDT 1998