Explain the predicted compensation with the productivity, Macroeconomics

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Explain the predicted compensation with the productivity

1. Identify the predicted compensation with the productivity of 100. Determine the residual for the observation of the base year, 1992?

2. Is there strong evidence that the compensation is linearly related to productivity?

3. Identify a 95% confidence interval for the slope parameter B2.

4. Is there strong evidence that B2 is greater than 0.65?

5. Identify the 90% confidence interval for the mean compensation when the productivity is 85 and interpret the CI.

6. Identify the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the CI.

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Macroeconomics: Explain the predicted compensation with the productivity

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Macroeconomics: Explain the predicted compensation with the productivity

Reference No:- TGS0870900

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Macroeconomics: Explain the predicted compensation with the productivity

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