Q2. A random sample of 8 recent BBA graduates in a company was selected. The following table lists their CGPA and starting salary in thousand taka. 3.5 50 CGPA 2.5 3.25 2.25 3.75 60 2.00 2.75 3.00 Starting salary 30 45 25 Pon line 20 35 40 timated leat sonara

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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Q2. A random sample of 8 recent BBA graduates in a company was selected. The following table lists
their CGPA and starting salary in thousand taka.
CGPA
Starting salary
3.5
2.5
50
30
(a) Find the estimated least squares regression line.
3.25 2.25
25
3.75
60
2.75
3.00
2.00
20
45
35
40
(b) Interpret the estimated slope value.
(c) Calculate the coefficient of determination (r) and interpret the result.
(d) Construct the 99% confidence interval for the regression coefficient and interpret the result
Transcribed Image Text:Q2. A random sample of 8 recent BBA graduates in a company was selected. The following table lists their CGPA and starting salary in thousand taka. CGPA Starting salary 3.5 2.5 50 30 (a) Find the estimated least squares regression line. 3.25 2.25 25 3.75 60 2.75 3.00 2.00 20 45 35 40 (b) Interpret the estimated slope value. (c) Calculate the coefficient of determination (r) and interpret the result. (d) Construct the 99% confidence interval for the regression coefficient and interpret the result
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