(Answered) A researcher has gathered data from seven randomly selected

Economics

A researcher has gathered data from seven randomly selected correctional employees on the number of years (X) the employees have worked in a particular department and their salaries (Y) in thousands of dollars.

X Y

2 25.5

3 27

3 27.25

4 28.5

5 33

7 33

7 34.5

a. Calculate the regression slope and Y-intercept. Interpret your results.

b. What would the predicted salary be for someone in the department who has worked for 6 years?

c. Find the R-square. What does it mean?

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