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Find the line and examine the residuals. Refer to the
Chapter , Problem 2.167(choose chapter or problem)
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.
Questions & Answers
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.