6. Given the following:
Salary (in Thousands) annual absences
a. Graph the data
b. What is x
c. What is y
d. Find b0
e. Find b1
f. Determine the equation of the line of best fit
g. Is there a strong relationship?
h. Estimate the average number of absences for someone earning $28,000.
i. Estimate the average number of absences for someone earning $36,000.
The solution provides step by step method for the calculation of regression coefficient and correlation coefficient . Formula for the calculation and Interpretations of the results are also included.