Which firm has better performance? How do you analyze the performance in this case?
statistics
Description
A. Find mean and standard deviation of both the firms and interpret the same.
B. Which firm has better performance? How do you analyze the performance in this case?
C. If you need to invest in a firm then which firm would you choose and why?
2. The Manager wants to fix income of employees for production department. The past
data on 8 incomes with the experience is shown below
a. Find the correlation between the experience and income.
b. Determine the coefficient of determination and interpret it.
c. Estimate the monthly salary for a person having 14 years of experience by assuming
the linear relation between the two variables.
