A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:A listing of the jobs by title The salary (in dollars) for each jobThe client needs the preliminary findings by the end of the day, and your boss asks you to first compute some basic statistics.Background information on the DataThe data set in the spreadsheet consists of 364 records that you will be analyzing from the Bureau of Labor Statistics. The data set contains a listing of several jobs titles with yearly salaries ranging from approximately $30,000 to $200,000 for the state of Minnesota.What to SubmitYour boss wants you to submit the spreadsheet with the completed calculations. Your research and analysis should be present within the answers provided on the worksheet.THE QUESTIONS ASKED ARE IN THE ATTACHED WORD DOC. THE EXCEL FILE HAS THE DATA

Overview Recall that samples are used to generate a statistic, which businesses use to estimate the population parameter. You have learned how to take samples from populations and use them to produce statistics. For two quantitative variables, businesses can use scatterplots and the correlation coefficient to explore a potential linear relationship. Furthermore, they can quantify the relationship in a regression equation. Prompt This assignment picks up where the Module Two assignment left off and will use components of that assignment as a foundation. You have submitted your initial analysis to the sales team at D.M. Pan Real Estate Company. You will continue your analysis of the provided Real Estate Data spreadsheet using your selected region to complete your analysis. You may refer back to the initial report you developed in the Module Two Assignment Template to continue the work. This document and the National Statistics and Graphs spreadsheet will support your work on the assignment. Note: In the report you prepare for the sales team, the dependent, or response, variable (y) should be the listing price and the independent, or predictor, variable (x) should be the square feet. Using the Module Three Assignment Template, specifically address the following: Regression Equation: Provide the regression equation for the line of best fit using the scatterplot from the Module Two assignment. Determine r: Determine r and what it means. (What is the relationship between the variables?) Determine the strength of the correlation (weak, moderate, or strong). Discuss how you determine the direction of the association between the two variables. Is there a positive or negative association? What do you see as the direction of the correlation? Examine the Slope and Intercepts: Examine the slopeb1{"version":"1.1","math":"b1"} and intercept b0{"version":"1.1","math":"b0"}. Draw conclusions from the slope and intercept in the context of this problem. Does the intercept make sense based on your observation of the line of best fit? Determine the value of the land only. Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context? Determine the R-squared Coefficient: Determine the R-squared value. Discuss what R-squared means in the context of this analysis. Conclusions: Reflect on the Relationship: Reflect on the relationship between square feet and sales price by answering the following questions: Is the square footage for homes in your selected region different than for homes overall in the United States? For every 100 square feet, how much does the price go up (i.e., can you use slope to help identify price changes)? What square footage range would the graph be best used for?