Answer to Question #281129 in Management for Alafraa

Question

  A nation job placement company is interested in developing a model that might be used to explain the variation in starting salaries for college graduates based on the college GPA.  The following data were collected through a random sample of the clients with which this company has been associated. 

 

GPA

Starting Salary

3.20

OMR35,000

3.40

OMR29,500

2.90

OMR30,000

3.60

OMR36,400

2.80

OMR31,500

2.50

OMR29,000

3.00

OMR33,200

3.60

OMR37,600

2.90

OMR32,000

3.50

OMR36,000

 

 

Based on this sample information, determine the least squares regression model. Also, develop a scatter plot of the data and locate the regression line on the scatter plot.  

Answer 1

The budgetary worth of an item or item is the quantity that would be paid in currency if it were delivered to a third party. Tangible and intellectual possessions, labor, and products, for instance, are valued at their numerical worth.

Market currency, fiat money, and regulatory funds are the three types of money. Fiat money is the foundation of most existing economic institutions. Product money gets its value from the resource it is made of, but fiat credit is only worth what the state says it is worth.