In: Statistics and Probability
A company wants to study the relationship between an employee's
length of employment and their
number of workdays absent. The company collected the following
information on a random sample of
seven employees.
Number of workdays absent 4,2,3 , 5, ,7 ,7 8
length of employment(in yrs) 10, 5, 9 , 2 , 2 ,2 0
1. in this problem whuch is the dependent variable, what is the correlation? and interpret its meaning.
what is the coefficient of determination? interpret its meaning
2. suposse you know that a person has worked for the company for 8 years. how many workdays would you predict he/ she would be absent?
3. Interpret in physical terms the meaning of slope in this example
(1)
(i) Dependent Variable: Number of workdays absent
(ii)
From the given data, the following Table is calculated:
X | Y | XY | X2 | Y2 |
4 | 10 | 40 | 16 | 100 |
2 | 5 | 10 | 4 | 25 |
3 | 9 | 27 | 9 | 81 |
5 | 2 | 10 | 25 | 4 |
7 | 2 | 14 | 49 | 4 |
7 | 2 | 14 | 49 | 4 |
8 | 0 | 0 | 64 | 0 |
Total = 36 | 30 | 115 | 216 | 218 |
So,
Correlation is:
- 0.7479
Interpretation:
There is slightly strong inverse relationship between x and y.
(iii) Coefficient of determination is given by:
R2 = (-0.7479)2 = 0.5594
Interpretation:
55.94 % is the percentage of the variance in the dependent variable that is predictable from the independent variable.
(2)
So,
the Regression Line is:
For x = 8, we get:
=1 (Round to integer)
So,
Answer is:
1
(3)
Slope = -1.273 means that for every increase of 1 year of experience, umber of workdays absence will reduce by 1.273 days.