(d) What would be the predicted sales if the sales representative was employed by the firm for 20 years. $ (Round your answer to nearest $. ) Example) If your answer is 125.21, input as 125. (e) Find the residual when the sales representative was employed by the fırm

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
(d) What would be the predicted sales if the sales representative was
employed by the firm for 20 years.
$
(Round your answer to nearest $. ) Example) If your
answer is 125.21, input as 125.
(e) Find the residual when the sales representative was employed by the firm
for 15 years.
Round your answer to nearest thousandth.
Transcribed Image Text:(d) What would be the predicted sales if the sales representative was employed by the firm for 20 years. $ (Round your answer to nearest $. ) Example) If your answer is 125.21, input as 125. (e) Find the residual when the sales representative was employed by the firm for 15 years. Round your answer to nearest thousandth.
A manager wishes to determine the relationship between the number of
years her sales representatives have been employed by the firm and their
amount of sales (in thousands of dollars) per month. Find the equation of
the regression line for the given data.
10 7 8 15 3 1 11
Years of
employed (x)
Sales (y)
31 33 78 62 65 70 48 55 64
(a) Find the correlation coefficient
(Round your answer
to nearest thousandth)
(b) Find the critical value
(c) Find the equation of least square regression.
(Round slope and intercept to nearest
thousandth)
Transcribed Image Text:A manager wishes to determine the relationship between the number of years her sales representatives have been employed by the firm and their amount of sales (in thousands of dollars) per month. Find the equation of the regression line for the given data. 10 7 8 15 3 1 11 Years of employed (x) Sales (y) 31 33 78 62 65 70 48 55 64 (a) Find the correlation coefficient (Round your answer to nearest thousandth) (b) Find the critical value (c) Find the equation of least square regression. (Round slope and intercept to nearest thousandth)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman