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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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