The Correlation Relationship for the Data
hknflaFind the correlation relationship for the data. Use Microsoft Excel. Create a scatter plot.
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files (1)Assignment.docx
Assignment.docx
The data shown in the table were collected by surveying 100 employees with five years’ experience. Find the correlation relationship for the data. Use Microsoft Excel. Create a scatter plot. Identify and discuss the type of correlation, and whether it is negative or positive, strong or weak. Create a regression line and analyze the coefficients for significance. Predict the estimated salary with 20 years of schooling.
|
Years of schooling |
Total annual salary |
|
10 |
$32 K |
|
12 |
$33 K |
|
13 |
$44.3 K |
|
15 |
$55.7 K |
|
18 |
$60 K |
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