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Regression Analysis for Salary

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

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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