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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

© BrainMass Inc. brainmass.com September 26, 2018, 8:59 am ad1c9bdddf - https://brainmass.com/math/interpolation-extrapolation-and-regression/regression-analysis-salary-232675

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.

$2.19