Following is the gross pay for Ed for his first 8 years at his current job.   Year                            Salary             10                               $35,000             11                               $36,814             12                               $38,212             13                               $42,870             14                               $44,125             15                               $48,532             16                               $59,075             17                               $60,785 a. What is the explanatory variable?   b. What is the response variable?     c. What is the equation of the line of best fit?   d. What is R2?   e. What does that mean?   f. What is r?   g. What does that mean?   h. Estimate Ed’s pay after 10 years.

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