Question

In: Statistics and Probability

Here are the salaries for a sample of professors in a mathematics department at a large...

Here are the salaries for a sample of professors in a mathematics department at a large midwestern university for the academic years 2014–2015 and 2015–2016.

2014–2015
salary ($)
2015–2016
salary ($)
2014–2015
salary ($)
2015–2016
salary ($)
145,700 147,600 136,650 138,750
112,700 114,760 132,260 134,150
109,100 111,500 74,290 76,490
98,900 101,800 74,400 77,100
112,100 113,100 83,100 85,400
111,790 113,800 141,950 143,930
103,400 105,600 122,500 124,410
149,000 150,900 115,100 117,100

(a)

Construct a scatterplot with the 2015–2016 salaries on the vertical axis and the 2014–2015 salaries on the horizontal axis.

(b)

Comment on the form, direction, and strength of the relationship in your scatterplot.

The form of the scatterplot is  ---Select--- nonlinear linear , the direction is  ---Select--- negative positive , and the strength is  ---Select--- weak strong .

(c)

What proportion of the variation in 2015–2016 salaries is explained by 2014–2015 salaries? (Round your answer to four decimal places.)

Solutions

Expert Solution

Solution-:

By using R-Software:

>X=c(145700,112700,109100,98900,112100,111790,103400,149000,136650,132260,74290,74400,83100,141950,122500,115100);X
[1] 145700 112700 109100 98900 112100 111790 103400 149000 136650 132260
[11] 74290 74400 83100 141950 122500 115100
>Y=c(147600,114760,111500,101800,113100,113800,105600,150900,138750,134150,76490,77100,85400,143930,124410,117100);Y
[1] 147600 114760 111500 101800 113100 113800 105600 150900 138750 134150
[11] 76490 77100 85400 143930 124410 117100
> #(a) For Scatter diagram with the 2015-2016 salaries Vs 2014-2015 salaries
> plot(X,Y,xlab="2014-2015 salaries",ylab="2015-2016 salaries",main="Scatter Diagram 2014-2015 salariesVs 2015-16 salaries ")

> #(b)Comment: This scatter diagram shows perfect positive correlation.
> #(c) Correlation
> r=cor(X,Y);r
[1] 0.9998794
> round(r,4)
[1] 0.9999
> rr=r^2;rr
[1] 0.9997587
> round(rr,4)
[1] 0.9998

The proportion is of the variation in 2015–2016 salaries is explained by 2014–2015 salaries is,

Therefore, 99.98 % of the variation in 2015–2016 salaries can be explained by the variation in 2014–2015 salaries.

R-Code:

X=c(145700,112700,109100,98900,112100,111790,103400,149000,136650,132260,74290,74400,83100,141950,122500,115100);X
Y=c(147600,114760,111500,101800,113100,113800,105600,150900,138750,134150,76490,77100,85400,143930,124410,117100);Y
#(a) For Scatter diagram with the 2015-2016 salaries Vs 2014-2015 salaries
plot(X,Y,xlab="2014-2015 salaries",ylab="2015-2016 salaries",main="Scatter Diagram 2014-2015 salariesVs 2015-16 salaries ")
#(b)Comment: This scatter diagram shows perfect positive correlation.
#(c) Correlation
r=cor(X,Y);r
round(r,4)
rr=r^2;rr
round(rr,4)


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