Activity


 

Your firm is interested in learning more about how its salaries relate to its employees’ tenure with the firm. It has collected the following data for 25 of its employees.

EMPLOYEE NUMBER    TENURE (YEARS)      SALARY ($) 

 1                                         15                                53,908 

 2                                         32                                78,230 

 
3                                         14                                 55,164

4                                         20                                 57,647

5                                         25                                 63,111

6                                         14                                 54,991

7                                          28                                74,571

8                                          30                                73,189

9                                          28                                71,859

10                                       17                                 55,978

11                                       14                                 61,676

12                                       6                                   44,865

13                                       21                                 64,676

14                                      11                                  59,101

15                                       14                                 58,441

16                                       32                                 81,964

17                                       29                                  76,373

18                                       33                                  82,860

19                                       27                                  70,019

20                                      16                                   58,474

21                                      26                                   80,074

22                                      3                                     45,594

23                                      14                                   63,676

24                                       9                                    68,444

25                                      14                                   70,306 

 Plot these data points, and describe using regression how salary relates to firm tenure for this group.