The following data are the grade point averages x and the monthly salaries y for students who obtained a bachelor's degree in business administration with a major in information systems. The estimated regression for these data is by = 1790:5 + 581:1x.
GPA Monthly Salary
a. Write the regression
b. interpret the regression constant and regression coefficient
c. forecast a value for monthly salary.
The solution provides step by step method for the calculation of regression analysis. Formula for the calculation and Interpretations of the results are also included.