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Regression Analysis

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

2.6 3300
3.4 3600
3.6 4000
3.2 3500
3.5 3900
2.9 3600

a. Write the regression
b. interpret the regression constant and regression coefficient
c. forecast a value for monthly salary.

Solution Summary

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.