# Question Description For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x. 6 12 14 13 15 19 Y 300 408 560 252 288 650 630 522 (a) Determine the least squares regression line and interpret its slope (b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned? (c) Is there a statistical significance between years of service and ownership of company stocks? (use 0.05) a =

CPVDKP The Asker · Probability and Statistics
Transcribed Image Text: Description For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x. 6 12 14 13 15 19 Y 300 408 560 252 288 650 630 522 (a) Determine the least squares regression line and interpret its slope (b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned? (c) Is there a statistical significance between years of service and ownership of company stocks? (use 0.05) a =
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Transcribed Image Text: Description For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x. 6 12 14 13 15 19 Y 300 408 560 252 288 650 630 522 (a) Determine the least squares regression line and interpret its slope (b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned? (c) Is there a statistical significance between years of service and ownership of company stocks? (use 0.05) a =