A company keeps extensive records on its new salespeople on the premise that sales should increase with experience. A random sample of seven new salespeople produced the data on experience and sales shown in the table. Monthly Sales y ($ thousands) 2.4 Months on Job 4 7.0 11.3 12 15.0 3.7 12.0 a. Construct a scattergram for the data. b. What does the scattergram suggest about the relationship between x and y? Find the least squares estimates of fo and B1. Plot the least squares line on your scattergram. appear to fit the data well? C. d. e line

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Part d

A company keeps extensive records on its new salespeople on the
premise that sales should increase with experience. A random sample
of seven new salespeople produced the data on experience and sales
shown in the table.
Monthly Sales
y ($ thousands)
2.4
Months on Job
4
7.0
11.3
12
15.0
3.7
12.0
a.
Construct a scattergram for the data.
b.
What does the scattergram suggest about the relationship
between x and y?
Find the least squares estimates of fo and B1.
Plot the least squares line on your scattergram.
appear to fit the data well?
C.
d.
e line
Transcribed Image Text:A company keeps extensive records on its new salespeople on the premise that sales should increase with experience. A random sample of seven new salespeople produced the data on experience and sales shown in the table. Monthly Sales y ($ thousands) 2.4 Months on Job 4 7.0 11.3 12 15.0 3.7 12.0 a. Construct a scattergram for the data. b. What does the scattergram suggest about the relationship between x and y? Find the least squares estimates of fo and B1. Plot the least squares line on your scattergram. appear to fit the data well? C. d. e line
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