SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9562423
R Square 0.9143994
Adjusted R 0.907266
Standard E 2.88198
Observatio 14

ANOVA
df SS MS F Significance F
Regression 1 1064.687 1064.687 128.1859 9.22E-08
Residual 12 99.6697 8.305809
Total 13 1164.357

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 45.965285 1.400949 32.8101 4.069E-13 42.91288 49.01769 42.91288 49.01769
1000 0.0061955 0.000547 11.32192 9.22E-08 0.005003 0.007388 0.005003 0.007388
Members:
Sophia Mae Donal
Mary Ann Refugio
Mrifel Ramayla
Cristyl Mae Pada
Luigi Balucan
Rialyn Joy Kismali

Simple Linear Regression No. 12

Age (independent varibale) Salary $1000 (dependent varible)

x y
56 1000
57 1172
50 1000
75 4509
58 1500
54 1092
51 1663
49 817
61 1562
57 2164
55 1680
53 1173
65 3300
62 2500
82 5807
a. Develop a scatter diagram for these data with the age of the executive as the independent variable.
Answer:

y
7000

6000

5000

4000 y

3000

2000

1000

0
45 50 55 60 65 70 75 80 85
b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?
Answer:
As the age increases, the salary also increases. There is a positive relationship between two variables.

c. Developed the least squares estimated regression equation.

Answer:
least square equation
y=-6745.436627+149.2887564x

d. Supposed Bill Gustin is the 72 year old chairman, president, and CEO of a major electronics company. Predict the annual s
Answer:
y=-6745.436627+149.2887564(72)
y=4003.353833
$4,003,353.833 is the forecasted annual salary of Bill Gustin at the age of 72.

15. a. Construct a time series plot. What type of pattern exist in a data?
Answer:

Time Series Plot of shipments

85

84

83
shipments

82

81

80

1 2 3 4 5 6 7 8 9 10 11 12
Index

The pattern exist in the data is Random/Irregular movement.

n the two variables?

company. Predict the annual salary for Bill Gustin.