Simple Linear Regression Example
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The annual salary of an electrical engineer is given in terms of the years of experience by the table below. Find the equation of linear regression for the above data and obtain the expected salary for an engineer with 45 years of experience. Round to the nearest $100.
x y
2 53.5
5 56.3
9 59.8
14 63
19 65.6
23 69.5
28 75
33 76
36 84
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Solution Summary
Finding the equation of linear regression for the given data and obtain the expected salary for an engineer with 45 years of experience.
Solution Preview
The Excel file attached shows the data in a graph with the linear regression equation. This equation is y = 0.8126x + ...
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