use the data in the excel file MBA motivation and salary expections to determine how well...
use the data in the excel file MBA motivation and salary expections to determine how well a linear function models the relationship between pre- and post-MBA salaries. Compare it to a third-order poly-nomial. Would the polynomial model have a logical explanation?
Complete as directed. Construct scatter plots.. Note location instructions for the plots.
| Pre-MBA Salary | Post-MBA Salary |
| $85,000 | $105,000 |
| $87,000 | $100,000 |
| $70,000 | $100,000 |
| $95,000 | $125,000 |
| $52,000 | $60,000 |
| $47,000 | $70,000 |
| $70,000 | $130,000 |
| $55,000 | $75,000 |
| $75,000 | $110,000 |
| $50,000 | $80,000 |
| $42,500 | $85,000 |
| $70,000 | $90,000 |
| $55,000 | $70,000 |
| $60,000 | $90,000 |
| $65,000 | $80,000 |
| $90,000 | $110,000 |
| $87,000 | $105,000 |
| $110,000 | $125,000 |
| $37,000 | $70,000 |
| $60,000 | $75,000 |
| $73,000 | $95,000 |
| $57,000 | $75,000 |
| $45,000 | $80,000 |
| $65,000 | $90,000 |
| $85,000 | $100,000 |
Homework Answers
All plots were constructed using excel.
Linear Fit
3rd order Polynomial
The polynomial model provides a better fit when compared to the linear model. Yes, the polynomial model does have a logical explanation. The impact of such a specialized level of education like an MBA on salaries would always show a non-linear trend.
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use the data in the excel file MBA motivation and salary
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so could somebody solve this on EXCEL for me and maybe give it
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hopefully u can put all the functions in excel and give me the
copy :(
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I really dont know how to use excel very well
so could somebody solve this on EXCEL for me and maybe give it
to me through excel file THANKYOU
hopefully u can put all the functions in excel and give me the
copy :(
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