Regression Analysis for Salary
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Use regression analysis to set up and solve whether or not college experience really determines someone's salary in the work place. I've sampled a few of my colleagues.
Years of college and salary =
2yrs / $30,000
4yrs / $60,000
6yrs / $70,000
6yrs / $80,000
8yrs / $100,000
3yrs / $40,000
4yrs / $70,000
5yrs / $60,000
2yrs / $40,000
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Solution Summary
The solution provides step by step method for the calculation of regression model for salary based on experience . Formula for the calculation and Interpretations of the results are also included.
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