Find the line and examine the residuals. Refer to the

Chapter , Problem 2.167

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QUESTION:

Find the line and examine the residuals. Refer to the previous exercise. (a) Find the least-squares regression line for predicting 20132014 salaries from 20122013 salaries. (b) Analyze the residuals, paying attention to any outliers or influential observations. Write a summary of your findings.

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QUESTION:

Find the line and examine the residuals. Refer to the previous exercise. (a) Find the least-squares regression line for predicting 20132014 salaries from 20122013 salaries. (b) Analyze the residuals, paying attention to any outliers or influential observations. Write a summary of your findings.

ANSWER:

Step 1 of 7

Given:

The dataon the salaries for a sample of professors in a mathematics department at a large midwestern university for the academic years 2012-2013 and 2013-2014 is provided.

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