Question
In: Math
A company would like to determine the relationship between: the time (in years) spent at the...
A company would like to determine the relationship between: the time (in years) spent at the company and the employee’s hourly pay. The data for 5 employees are listed in the table below. Calculate and interpret the correlation coefficient r. Include a plot of the data in your discussion.
| years (X) | hourly pay (Y) |
|---|---|
| 5 | 25 |
| 3 | 20 |
| 4 | 21 |
| 10 | 35 |
| 15 | 38 |
a. Calculate the Pearson correlation coefficient for the data.
b. Use an appropriate 2-tailed hypothesis test (ɑ = .05) to determine whether this relationship is statistically significant.
c. Based on your calculations, what can we conclude about the relationship between the time spent at the company and hourly pay?
Solutions
milcah answered 1 week agoRelated Solutions
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