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Linear Regression Analysis for Income Data

This document provides instructions for analyzing a dataset and generating statistical results like a scatterplot, line of best fit, correlation coefficient, and using the line of best fit to predict values.

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Roy Alishvandi
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4 views1 page

Linear Regression Analysis for Income Data

This document provides instructions for analyzing a dataset and generating statistical results like a scatterplot, line of best fit, correlation coefficient, and using the line of best fit to predict values.

Uploaded by

Roy Alishvandi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

MDM4U In Class Practice Name: .

This table shows data for the full--‐time employees of a small company.

a) Generate a Scatterplot of the data.

b) Perform a linear regression and state the equation of the line of best fit. Explain what
the slop and y-intercept mean in context.

c) What is the correlation coefficient? What does this tell you about the relationship
between age and annual income?

d) What is the coefficient of determination? What does it mean?

e) Use the line of best fit to predict the income for a 65 years old employee.

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