A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is ŷ = 80 + 4x.Years ofExperienceAnnual Sales($1,000s)Salesperson12345678910(a) Compute SST, SSR, and SSE.SST =SSR =SSE =13446810101113809797102103101119118127136(b) Compute the coefficient of determination. (Round your answer to three decimal places.)2=Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line.The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line.The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line.The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line.(c) What is the value of the sample correlation coefficient? (Round your answer to three decimal places.)

Givenx=years of experiencey=annual sales($1,000s) salesperson x y 1 1 80 2 3 97 3 4 97 4…

Answered: A sales manager collected the following…

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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