Conduct simple regression to create a market line by entering the job evaluation points (on the X axis) and the respective weighted average market base pay (on the Y axis) for each benchmark job 1) Chart of Market Pay Line 2) Slope 3) Intecept 4) Equation of the line E1: What is your R-squared (variance explained)? E2: Is it sufficient to proceed? Job Evaluation points Weighted Avg $ x y Receptionist 120 $19,944.44 Admin. Assistant 200 $28,083.33 Payroll Assistant 245 $34,000.00 Ops Analyst 345 $58,875.00 Benefits Manager 390 $62,900.00

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2 Slope 172.3270999
3 Intercept -4044.491973
4 Equation Y = -4044.49 + 192.327*X
E1 R-squared(variance explained) 0.957987475
E2 Yes since it is above 0.9 it fairly explains the variance hence sufficient to proceed
 
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