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Problem 1 The table below shows the data about the years of working experience and the income of ten employees in a big industrial corporation. Required: a) Draw the scatter diagram and draw the trend line. b) Find the equation of the least squares regression line. c) Predict the income when x = 16 years. Income Years of Working Experience Employees (Thousand of Pesos) 10 12 15 20 B 10 13 C 18 19 15 E F 18 20 23 25 25 30 32 H J 30 21

Problem 1 The table below shows the data about the years of working experience and the income of ten employees in a big industrial corporation. Required: a) Draw the scatter diagram and draw the trend line. b) Find the equation of the least squares regression line. c) Predict the income when x = 16 years. Income Years of Working Experience Employees (Thousand of Pesos) 10 12 15 20 B 10 13 C 18 19 15 E F 18 20 23 25 25 30 32 H J 30 21

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 46P
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Problem 1 The table below shows the data about the years of working experience and the income of ten employees in a big industrial corporation. Required: a) Draw the scatter diagram and draw the trend line. b) Find the equation of the least squares regression line. c) Predict the income when x = 16 years. Years of Working Experience Income (Thousand of Pesos) 10 Employees 7 12 15 10 13 15 20 18 E 19 25 18 20 23 25 30 H. 32 J 30 21
Transcribed Image Text:Problem 1 The table below shows the data about the years of working experience and the income of ten employees in a big industrial corporation. Required: a) Draw the scatter diagram and draw the trend line. b) Find the equation of the least squares regression line. c) Predict the income when x = 16 years. Years of Working Experience Income (Thousand of Pesos) 10 Employees 7 12 15 10 13 15 20 18 E 19 25 18 20 23 25 30 H. 32 J 30 21
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