The equation for the regression line relating the salary, Basic Statistics

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The equation for the regression line relating the salary

Salary and Year of Employment

The equation for the regression line relating the salary and the year first employed is given above the figure.

a. Report the slope and explain what it means.

b. Either interpret the intercept (4,255,000) or explain why it is not appropriate to interpret the intercept.

1967_Salary and Year of Employment.png

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