Based on this sample information answer the following questions: a. Determine the least squares regression model? b. Find the least square regression line? c. Interpret the coefficient b1? d....

Based on this sample information answer the following questions: a. Determine the least squares regression model? b. Find the least square regression line? c. Interpret the coefficient b1? d. Interpret the coefficient b0 e. Determine what percent of the variation in starting salaries is explained by GPA? f. Test to determine whether the regression model is statistically significant at the 0.05 level of significance? g. Check for the validity of the required conditions for the error variabl


Business STAT II Fall 206 Assignment # 4 Group Assignment Due on December 12, 2016 Name:_________________________________________________ ID__________________ Name:_________________________________________________ ID__________________ Name:_________________________________________________ ID__________________ Name:_________________________________________________ ID__________________ Answer the following question in FULL DETAILS. A national job placement company is interested in developing a model that might be used to explain the variation in starting salaries for college graduates based on the college GPA. The following data were collected through a random sample of the clients with which this company has been associated. GPA Starting Salary 3.20 $35,000 3.40 $29,500 2.90 $30,000 3.60 $36,400 2.80 $31,500 2.50 $29,000 3.00 $33,200 3.60 $37,600 2.90 $32,000 3.50 $36,000 Based on this sample information answer the following questions: a. Determine the least squares regression model? b. Find the least square regression line? c. Interpret the coefficient b1? d. Interpret the coefficient b0 e. Determine what percent of the variation in starting salaries is explained by GPA? f. Test to determine whether the regression model is statistically significant at the 0.05 level of significance? g. Check for the validity of the required conditions for the error variable?