The following data are the grade point averages x and the monthly salaries y for students who obtained a bachelor's degree in business administration with a major in information systems. The estimated regression for these data is by = 1790:5 + 581:1x.
GPA Monthly Salary
2.6 3300
3.4 3600
3.6 4000
3.2 3500
3.5 3900
2.9 3600
a. Write the regression
b. Interpret the regression constant and regression coefficient
c. Forecast a value for monthly salary.