Question

2. The Manager wants to fix income of employees for production department. The past
data on 8 incomes with the experience is shown below
Experience in years) 10126 7 108 5
Income in thousands) 25 28 | 17 | 18 24 21 1016
a. Find the correlation between the experience and income.
b. Determine the coefficient of determination and interpret it.
c. Estimate the monthly salary for a person having 14 years of experience by assuming
the linear relation between the two variables.

Answer 1

Answer:

Job TitleSalaryFinolex Industries Production Engineer salaries - 3 salaries reported₹ 25,405/moTata Motors Production Engineer salaries - 3 salaries reported₹ 4,95,994/yrFlash Electronics (India) Production Engineer salaries - 3 salaries reported₹ 15,000/mo

Explanation:

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