Solution-Determine the least squares regression line

Determine the least squares regression line

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Reference no: EM131408976

For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock versus years with the firm.

X = years	Y = shares
6	300
12	408
14	560
6	252
9	288
13	650
15	630
9	522

a. Determine the least-squares regression line and interpret its slope.

b. For an employee who has been with the firm 10 years, what is the predicted number of shares of stock owned?

Reference no: EM131408976

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Determine the least squares regression line

Reference no: EM131408976

Reference no: EM131408976

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