In the following regression x weekly pay y income tax, Ask an Expert

Statistics

Simple linear regression model.

In the following regression, X = weekly pay, Y = income tax withheld, and n = 35 McDonald's employees. (a) prepare the fitted regression equation, (c) What is the conclusion about the slope

R2	0.202
Std. Error	6.816
n	35

ANOVA table
Source	SS	df	ms	F	p-value
Regression	387.6959	1	387.6959	8.35	.0068
Residual	1,533.0614	33	46.4564
Total	1,920.7573	34

Regression output					confidence interval
variables	coefficients	std. error	t (df =33)	p-value	95% lower	95% upper
Intercept	30.7963	6.4078	4.806	.0000	17.7595	43.8331
Slope	0.0343	0.0119	2.889	.0068	0.0101	0.0584

a. prepare out the fitted regression equation

b. What is your conclusion about the slope?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M920095

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