Question

A large company is expanding its workforce and needs to hire

some new administrative assistants. They found the relationship

between starting salary and months of experience. Their results are in

the table. Find the equation for the line of best fit for this data using

the calculator.


experience(in months)

4

13

3

0

10

7

22

15

5

20

Starting salary(in$1000)

25

34

22

21

33

27

38

35

26

36

Answer 1

Answer:
`\hat{y} = 21.7764 +0.8004x`

Step-by-step explanation:

We need to follow the below steps in order to get the line of the best fit

Press STAT and then click Edit

Enter the Experience data in L1 and Starting salary data in L2

Then press STAT and scroll right to CALC

Then scroll down to LinReg(ax+b) and press enter.

The output is attached here: