The director of cooperative education at a state college wants to examine the effect of cooperative education job experience on marketability in the work place. She takes a random sample of 4 students. For these 4, she finds out how many times each had a cooperative education job and how many job offers they received upon graduation. These data are presented in the table below. Student    CoopJobs    JobOffer 1                     1                 4

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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The director of cooperative education at a state college wants to examine the effect of cooperative education job experience on marketability in the work place. She takes a random sample of 4 students. For these 4, she finds out how many times each had a cooperative education job and how many job offers they received upon graduation. These data are presented in the table below.

Student    CoopJobs    JobOffer

1                     1                 4

2                     2                 6

3                     1                 3

4                     0                 1

 

Find the equation of the line that best fits the given data
A. Graphical method:
a) Show the slope of the line
b) y- intercept
c) Equation of the regression line
d) SSE
e) If coop jobs is 3 for the fifth student, what is the value
of the job offer?
Transcribed Image Text:Find the equation of the line that best fits the given data A. Graphical method: a) Show the slope of the line b) y- intercept c) Equation of the regression line d) SSE e) If coop jobs is 3 for the fifth student, what is the value of the job offer?
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ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing