years Xi bonus Yi XiYi Xi2 4 5.7 22.8 16 2 3.5 7 4 7.4 10.1 74.74 54.76 5 9 45 25 2 2.7 5.4 4 12 12 144 144   Are years of service and annual bonuses related?  The annual bonuses of 6 randomly selected employees (measured in “thousands of dollars”) along their their respective years of service for the company.  Suppose we estimate a linear regression using the Ordinary Least Squares technique of the form: Bonusi = b0 + b1(yearsi) where the subscript i indicates the ith employee Using excel to complete this problem, what is the numerical value of b1 and its associated p value

Is It Getting Harder to Win a Hot Dog Eating Contest?Every Fourth of July, Nathan’s Famous in New York City holds a hot dog eating contest. The table below shows the winning number of hot dogs and buns eaten every year from 2002 to 2015, and the data are also available in HotDogs. The figure below shows the scatterplot with the regression line. Year     Hot Dogs 2015   62 2014   61 2013   69 2012   68 2011   62 2010   54 2009   68 2008   59 2007   66 2006   54 2005   49 2004   54 2003   45 2002     50 Winning number of hot dogs in the hot dog eating contest Winning number of hot dogs and buns Click here for the dataset associated with this question.   (a) Is the trend in the data mostly positive or negative?     Positive   Negative   (b) Using the figure provided, is the residual larger in 2007 or 2008?Choose the answer from the menu in accordance to item (b) of the question statement  20072008 Is the residual positive or…

Calculate the residual for the first observation in the dataset.

The following table shows worldwide sales and projected sales of a certain type of phone and their average selling prices in 2020, 2022, and 2024. Year 2020 2022 2024 Selling Price ($100) p 6 5 4.5 Sales (billions) q 1 1.2 1.3 Find the regression line. 9(p) = Use the regression line to estimate the demand (in millions of units sold) when the selling price was $250. X million 1.6 Need Help? Read It Master It