A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample of 10salespersons.Years ofAnnual SalesSalespersonExperience($1000s)1180382349645955936.7937898810106111211013125The data on y = annual sales ($1000s) for new customer accounts and x = number of years of experience for a sample of 10 salespersonsprovided the estimated regression equation ŷ = 74.45 + 3.65x. For these data a = 6.7, ) (x; - x)² = 130.10, and s = 5.3015.%3Da. Develop the 95% confidence interval for the mean annual sales for all salespersons with twelve years of experience.) (to 2 decimals)b. The company is considering hiring Tom Smart, a salesperson with twelve years of experience. Develop a 95% prediction interval of annual salesfor Tom Smart.) (to 2 decimals)c. Discuss the differences in your answers to parts (a) and (b).As expected, the prediction interval is much- Select your answer - V than the confidence interval. This is due to the fact that it is more- Select your answer -to predict annual sales for one new salesperson with 12 years of experience than it is to estimate the mean annual salesfor all salespersons with 12 years of experience.

Name: A sales manager collected the following data on annual sales for new
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample of 10salespersons.Years ofAnnual SalesSalespersonExperience($1000s)1180382349645955936.793789881010611121101312

It was stated that a sales manager collected the data on annual sales for new customer accounts and…

Math

Statistics

A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample salespersons. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 82 3 96 4 95 93 6. 7 93 7 8 98 8. 10 106 11 121 10 13 125 The data on 24 - annual sales (81000s) for new customer ac counts and r pumber of vears of experience for a sample of 10 salespersons

A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample salespersons. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 82 3 96 4 95 93 6. 7 93 7 8 98 8. 10 106 11 121 10 13 125 The data on 24 - annual sales (81000s) for new customer ac counts and r pumber of vears of experience for a sample of 10 salespersons

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A sales manager collected the following data on annual sales and years of experience. Annual Sales ($1000s) 80 Salesperson Years of Experience 1 1 4 102 3 6 103 4 10 119 5 13 136
A graduating class reported starting salaries represented on the following frequency table. Number of students Starting Salary ($) 10 15,000 17 20,000 25 25,000 38 30,000 27 35,000 21 40,000 45,000 For the data in the table above, what is the MEAN?
Find the 25th, 50th, and 75th percentile from the following list of 35 data 6 8 15 21 23 29 30 33 41 45 48 50 57 60 63 64 66 71 73 74 76 79 80 86 93 95 96 91 25th percentile 50th percentile 2 22 1 59 70 7万 88 75 3273 m 75th percentile
The data set below represents the ages of 36 executives. Find the percentile that corresponds to an age of 65 years old. 30 30 31 32 33 33 33 35 35 37 37 38 38 39 39 41 42 42 44 45 46 46 46 47 47 48 48 51 52 59 62 63 65 65 66 66 Percentile of 65 = (Round to the nearest integer as needed.)
The following frequency table summarizes a set of data. What is the five-number summary? Value Frequency 2 3 3 2 5 1 6 3 7 1 8 2 11 3
A sales manager collected the following data on annual sales and years of experience. Annual Sales ($1000s) 80 Salesperson Years of Experience 1 1 4 102 3 6 103 4 10 119 5 13 136
1)Dataset: 88 123 47 45 66 190 157 91 2) Using the dataset from Question #1, what is the median (Round your answer to the one decimal place)?
The distribution of yearly income of people (thousand $) was as follows: Class <31 31-40 41-50 51-60 61-70 71-30 81-90 91-100 101-110 111-120 Frequency 7 13 5 12 23 7 10 4 14 3 Find the mean, median, and mode for the given data
For the following data 57 62 45 87 52 77 80 66 67 71 82 90 92 43 65 56 48 91 82 68 74 80 83 46 62 72 81 52 91 43 58 68 81 90 70 66 71 74 60 55 1.Classify the following data (Make 6 classes) with its frequencies 2. find the mean and median and range of this data 3. draw the histogram and polygon.
The number of miles per gallon (MPG) for 56 foreign cars is given in the following frequency table. Find the mean, median, and mode for these data. MPG 19 20 21 22 23 24 25 26 27 28 29 30 Frequency 1 7 2 4 4 7 8 8 4 3 5 3 Question content area bottom Part 1 Find the mean. Select the correct choice below and fill in any answer boxes in your choice. A. The mean is approximately enter your response here . (Type an integer or decimal rounded to the nearest tenth as needed.) B. There is no mean for these data. Part 2 Find the median. Select the correct choice below and fill in any answer boxes in your choice. A. The median is enter your response here . (Type an integer or decimal rounded to the nearest tenth as needed.) B. There is no median for these data. Part 3 Find the mode(s). Select the correct choice below and fill in any answer boxes in your…
Find the 25th, 50th, and 75th percentile from the following list of 32 data 4 6 9 16| 19 22 23 25 30 31 38 39 48 56 42 46 47 57 63 68 75 80 87| 88 94 95 73 74 85 86 98 99 25th percentile = 50th %3D percentile = 52 v 75th percentile =