data set attached with question Years of Experience Annual Sales ($1000s)77Salesperson3231023593410751068114711120811121121211014139LO CO a. Compute b1 and bo (to 1 decimal).b =3.4 Xbo =Complete the estimated regression equation (to 1 decimal).y =b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)?c. Compute the coefficient of determination (to 3 decimals). Note: report 2 between 0 and 1.r2 =What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?84.7%d. A new salesperson joins the team with 6 years of experience. What is the estimated annual sales ($1000s) for the new salesperson (to the nearest wholenumber)?$

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Description: data set attached with question Years of Experience Annual Sales ($1000s)77Salesperson3231023593410751068114711120811121121211014139LO CO a. Compute b1 and bo (to 1 decimal).b =3.4 Xbo =Complete the estimated regression equation (to 1 decimal).y =b.

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Answered: .Compute b, and bo (to 1 decimal).

Math

Statistics

.Compute b, and bo (to 1 decimal).

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Inverse Normal Distribution

The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.

Mean, Median, Mode

It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.

Z-Scores

A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.

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Question

data set attached with question

Years of Experience Annual Sales ($1000s)
77
Salesperson
3
2
3
102
3
5
93
4
107
5
106
8
114
7
11
120
8
11
121
12
121
10
14
139
LO CO

a. Compute b1 and bo (to 1 decimal).
b =
3.4 X
bo =
Complete the estimated regression equation (to 1 decimal).
y =
b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)?
c. Compute the coefficient of determination (to 3 decimals). Note: report 2 between 0 and 1.
r2 =
What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?
84.7
%
d. A new salesperson joins the team with 6 years of experience. What is the estimated annual sales ($1000s) for the new salesperson (to the nearest whole
number)?
$

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