Estimate the sales in thousands of rands that would have been produced in the last two weeks by a salesperson who has 7 years of experience. Using your calculator, determine the coefficient of correlation for the data set. Interpret your answer. Compute the coefficient of determination for the data set. Interpret your answer.

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Estimate the sales in thousands of rands that would have been produced in the
last two weeks by a salesperson who has 7 years of experience.
Using your calculator, determine the coefficient of correlation for the data set.
Interpret your answer.
Compute the coefficient of determination for the data set. Interpret your answer.
Transcribed Image Text:Estimate the sales in thousands of rands that would have been produced in the last two weeks by a salesperson who has 7 years of experience. Using your calculator, determine the coefficient of correlation for the data set. Interpret your answer. Compute the coefficient of determination for the data set. Interpret your answer.
The table below indicates the number of years of experience of a sample of
salespeople who work for Hornbill Pty, and their corresponding sales (in
thousands of rands) over the last two weeks.
Years of Experience (x)
8
3
4
Ln
5
4
Sales (R000s) (y)
130
95
35
65
25
85
Transcribed Image Text:The table below indicates the number of years of experience of a sample of salespeople who work for Hornbill Pty, and their corresponding sales (in thousands of rands) over the last two weeks. Years of Experience (x) 8 3 4 Ln 5 4 Sales (R000s) (y) 130 95 35 65 25 85
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