The data shown in the table were collected by surveying 100 employees with five years’ experience. Find the correlation relationship for the data. Use Microsoft Excel. Create a scatter plot. Identify and discuss the type of correlation, and whether it is negative or positive, strong or weak. Create a regression line and analyze the coefficients for significance. Predict the estimated salary with 20 years of schooling.
Years of schooling
Total annual salary
10
$32 K
12
$33 K
13
$44.3 K
15
$55.7 K
18
$60 K
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