**Problem #1b:**Compute the estimated regression equation that relates years of experience to annual sales. A sales manager collected the following data on annual sales and years of experience.| **Salesperson** | **Years of Experience** | **Annual Sales ($1000s)** ||-----------------|-------------------------|---------------------------|| 1 | 1 | 80 || 2 | 4 | 102 || 3 | 6 | 103 || 4 | 10 | 119 || 5 | 13 | 136 |This table presents data correlated to the years a salesperson has worked and their respective annual sales in thousands of dollars. Each row represents a different salesperson, ordered by increasing years of experience. Generally, there is a trend showing that as years of experience increase, annual sales also tend to increase.

Given data, X Y X*Y X*X 1 80 80 1 4 102 408 16 6 103 618 36 10 119 1190 100 13 136 1768…

Answered: Compute the estimated regression…

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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X	Y	*XY**	*XX**
1	80	80	1
4	102	408	16
6	103	618	36
10	119	1190	100
13	136	1768	169