Practice Based Question – 9-10 AM (3-04-2020) MGN206

Q. The HR manager of a MNC firm wants to determine the relationship between experience
and income of employees. The following data are collected from 14 randomly selected
employees-

Employee 1 2 3 4 5 6 7 8 9 10 11 12 13 14
no.
Experience 2 4 5 6 7 8 9 10 12 13 14 15 16 18
(Years)
Income (in 30 40 45 35 50 60 70 65 60 55 75 80 85 75
thousand
INR)

a. Develop regression equation to predict income based on the years of experience?

b. Predict the income of an employee who has 22 years of experience?