ASSIGNMENT TASK DESCRIPTION

BACKGROUND / INTRODUCTION

A personnel and recruitment company wishes to build a model of likely income level. The company believes that education, experience and number of previous jobs are the important factors which impact the income level of an individual. Data collected on 20 clients gives the following results:

TASK A: Writing an Academic Report

Task 1: Graphs (Descriptive statistics)

Use relevant graphs to represent each of the following and examine them:

(i) Income level and Years of post-16 education

(ii) Years of work experience and income level

(iii) Number of previous jobs and income level

Task 2: Correlation Analysis

Perform a correlation analysis for income level with years of post-16 education, years of experience and number of previous jobs and examine the strength of relationship between these parameters.

Task 3: Regression Analysis

Perform regression analysis by using income level as the dependent variable and years of post-16education, years of experience, number of previous jobs as independent variables. The analysis should be conducted at the 95% of confidence level.