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Following is the gross pay for Ed for his first 8 years at his current job.   Year                            Salary 35,000 36,814 38,212 42,870 44,125 48,532 59,075 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?

Following is the gross pay for Ed for his first 8 years at his current job.   Year                            Salary 35,000 36,814 38,212 42,870 44,125 48,532 59,075 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?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 26PFA
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  1. Following is the gross pay for Ed for his first 8 years at his current job.

 

Year                            Salary

  1. 35,000
  2. 36,814
  3. 38,212
  4. 42,870
  5. 44,125
  6. 48,532
  7. 59,075
  8. 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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