### Sales Data Analysis#### Table 1: Salesperson Experience and Annual Sales| Salesperson | Years of Experience | Annual Sales (\$1,000s) ||-------------|----------------------|-------------------------|| 1 | 1 | 80 || 2 | 3 | 97 || 3 | 4 | 97 || 4 | 4 | 107 || 5 | 6 | 103 || 6 | 8 | 101 || 7 | 10 | 119 || 8 | 10 | 123 || 9 | 11 | 127 || 10 | 13 | 136 |#### Task (a): Compute the ResidualsThe residuals need to be computed for the matrix provided below. | Years of Experience | Annual Sales (\$1,000s) | Residuals ||---------------------|-------------------------|----------------------|| 1 | 80 | [Input Field] || 3 | 97 | [Input Field] || 4 | 97 | [Input Field] || 4 | 107 | [Input Field] || 6 | 103 | [Input Field] || 8 | 101 | [Input Field] || 10 | 119 | [Input Field] || 10 | 123 | [Input Field] || 11 | 127 | [Input Field] || 13 | 136 | [Input Field] |### Explanation of Diagrams and GraphsIn this exercise, we are provided with two tables. The first table details the sales data of 10 different salespeople, including their years of experience and their annual sales measured in thousands of dollars. The second table requires the user to compute the residuals for a given set of data involving years of experience and annual sales. Residuals are the differences between the observed values and the estimated values. Each input field provided in the second table will allow users to compute these residuals based on a regression or another fitting method applied to the data.### How to

Independent variable (x)Years of ExperienceDependent variable (y)Annual salesRegression equation of…

Answered: Compute the residuals. Years of…

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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Compute the residuals. Years of Experience 1 3 4 4 6 8 10 10 11 13 Annual Sales ($1,000s) 80 97 97 107 103 101 119 123 127 136 Residuals Enter an exact number. 00000000