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) 10 12 6 7 10 8 1 5 Income (in thousands) 25 28 17 18 24 21 10 16 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.
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