Explain what is the coefficient of determination, Operation Management

Assignment Help:

A large school district is revaluating its teachers' salaries. They have decided to use regression analysis to predict mean teacher salaries at each elementary school. The researcher uses years of experience to predict salary. The raw data is given in the table below. The resulting equation was: Y = 19389.21 + 1330.12X, where Y = salary and X = years of experience Salary Yrs Exp $24,265.00 8 $27,140.00 5 $22,195.00 2 $37,950.00 15 $32,890.00 11 $40,250.00 14 $36,800.00 9 $30,820.00 6 $44,390.00 21 $24,955.00 2 $18,055.00 1 $23,690.00 7 $48,070.00 20 $42,205.00 16 (a) Develop a scatter diagram. (b) What is the correlation coefficient? (c) What is the coefficient of determination?


Related Discussions:- Explain what is the coefficient of determination

Explain how many bagels should the store manager expect, (CPG Bagels) CPG ...

(CPG Bagels) CPG Bagels starts the day with a large production run of bagels. Throughout the morning, additional bagels are produced as needed. The last bake is completed at 3 p

Flow process chart, Flow Process Chart Flow process chart is defined ...

Flow Process Chart Flow process chart is defined as a graphic representation of all operations inspections transportations delays and storages occurring during a process or p

What must an organization do to prepare for such a risk, Product contaminat...

Product contamination is a catastrophic event, both for the organization at fault and for the victims. Cases of product contamination frequently make the news. Find an example o

Explain significant increase in employee theft, If Textile Manufacturing, I...

If Textile Manufacturing, Inc. reduces the hourly wages of its employees so that it can compete with imported clothing, it can anticipate a significant increase in employee theft o

Data show that women earn only following, Data show that women earn only---...

Data show that women earn only----------------cents per dollar earn by men/1.68 cents/2.75 cents/3 50 cents/4 95 cents/4/ 95 cents/5 90 cents/ which is the correct answer for this

Explain what is the role of information systems, What is the Role of Inform...

What is the Role of Information Systems in the Learning Organization?

Explain why is it important to develop their products, Why is it important ...

Why is it important to develop their products/services marketing plan in writing?

Linebalancing, what do you understand by "line balancing"? What happens if ...

what do you understand by "line balancing"? What happens if balance doesn''t exist ?

Layouts of supermarkets, pick a supermarket of your choice, observe the lay...

pick a supermarket of your choice, observe the layout and why the layout is like that

Explain what would be your total cost, A manufacturing firm is considering ...

A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Site Fixed Cost (Annual) Variabl

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd