The percent of female wage and salary workers who are paid hourly rates is given below for the years 1979-1992.
Year
Percent of workers paid hourly rates
1979
61.2
1980
60.7
1981
61.3
1982
1983
61.8
1984
61.7
1985
1986
62.0
1987
62.7
1990
62.8
1992
62.9
a. Calculate the least squares (best-fit) line. Put the equation in the form of: y = a + bx
b. Find the correlation coefficient. Is it significant?
c. Based on the above data, is there a linear relationship between the year and the percent of female wage and salary earners who are paid hourly rates?
d. Are there any outliers in the above data?
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