Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The x column indicates the number of client contacts last month and the y column shows the value of sales ($ thousands) last month for each client sampled. Sales ($ Contacts,X thousands), y Number of Contacts,x Sales ($ thousands), y Number of 14 24 23 30 12 14 48 90 20 28 50 85 16 30 55 120 46 80 50 110 S Click here for the Excel Data File a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round final answers to 2 decimal places.) (x - 2) (y (x – a (y – D (æ – ¤) (y – 9) | y 14 376.36 1376.41 719.74 12 14 -21.4 -47.1 20 -13.4 179.56 443.54 16 30 -31.1 967.21 46 12.6 357.21 23 -10.4 967.21 48 90 28.9 213.16 421.94 50 85 23.9 275.56 396.74 55 466.56 3469.21 1,272.24 50 110.0 16.6 48.9 T = y = Sx = Sy = r = b =

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Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client
contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The x
column indicates the number of client contacts last month and the y column shows the value of sales ($ thousands) last month for each
client sampled.
Sales ($
thousands), y
Number of
Sales ($
Contacts,X thousands),y
Number of
Contacts,x
14
24
23
30
12
14
48
90
20
28
50
85
16
30
55
120
46
80
50
110
E Click here for the Excel Data File
a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Do not round intermediate
calculations. Round final answers to 2 decimal places.)
(x – 7)
(у — )
(x – a3
(y – ) (x – ¤) (y – 9)
14
376.36
1376.41
719.74
12
14
-21.4
-47.1
20
-13.4
179.56
443.54
16
30
-31.1
967.21
46
12.6
357.21
23
-10.4
967.21
48
90
28.9
213.16
421.94
50
85
23.9
275.56
396.74
55
466.56
3469.21
1,272.24
50
110.0
16.6
48.9
T =
Y
Sx =
Sy =
r =
b =
Transcribed Image Text:Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The x column indicates the number of client contacts last month and the y column shows the value of sales ($ thousands) last month for each client sampled. Sales ($ thousands), y Number of Sales ($ Contacts,X thousands),y Number of Contacts,x 14 24 23 30 12 14 48 90 20 28 50 85 16 30 55 120 46 80 50 110 E Click here for the Excel Data File a. Determine the regression equation. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round final answers to 2 decimal places.) (x – 7) (у — ) (x – a3 (y – ) (x – ¤) (y – 9) 14 376.36 1376.41 719.74 12 14 -21.4 -47.1 20 -13.4 179.56 443.54 16 30 -31.1 967.21 46 12.6 357.21 23 -10.4 967.21 48 90 28.9 213.16 421.94 50 85 23.9 275.56 396.74 55 466.56 3469.21 1,272.24 50 110.0 16.6 48.9 T = Y Sx = Sy = r = b =
a =
ý =
b. Determine the estimated sales if 40 contacts are made. (Do not round intermediate calculations. Round final answers to 2
decimal places.)
The estimated sales
Transcribed Image Text:a = ý = b. Determine the estimated sales if 40 contacts are made. (Do not round intermediate calculations. Round final answers to 2 decimal places.) The estimated sales
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