Sales Person Intelligence Extroversion $ Sales/Week 1 89 21 2625 2 93 24 2700 3 91 21 3100 4 122 23 3150 5 115 27 3175 6 100 18 3100 7 98 19 2700 8 105 16 2475 9 112 23 3625 10 109 28 3525 11 130 20 3225 12 104 25 3450 13 104 20 2425 14 111 26 3025 15 97 28 3625 16 115 29 2750 17 113 25 3150 18 88 23 2600 19 108 19 2525 20 101 16 2650 Test 0.05 level of significance if intelligence and extroversion can be used to forecast the sale performance.  Determine the following: R = ? Intercept = ? Intelligence = ? Extrovesrsion = ? MSRESIDUAL = ? MSREGRESSION = ? FRATIO = ?

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
icon
Concept explainers
Question

The ABC corporation is opening new retail sales outlets and they want to staff these stores with employees most likely to be successful at selling the products. To meet this goal, ABC decides to study the sales staff at existing stores to determine if intelligence and extroversion (i.e., a friendly and outgoing personality) predict sales performance of current employees. ABC's logic is that if intelligence and extroversion predicts sales performance, then a good strategy for new stores is to hire intelligent extroverts for the sales positions.

To conduct the study, all current retail sales employees at existing stores take psychological tests designed to measure intelligence and extroversion. Also, past sales performance data is checked for each employee. In the end, there are three scores for each sales person:

1. an intelligence score (on a scale of 50-low intelligence to 150-high intelligence),

2. an extroversion score (on a scale of 15-low extroversion to 30-high extroversion), and

3. sales performance expressed as the average dollar amount sold per week.

 

Sales Person

Intelligence

Extroversion

$ Sales/Week

1

89

21

2625

2

93

24

2700

3

91

21

3100

4

122

23

3150

5

115

27

3175

6

100

18

3100

7

98

19

2700

8

105

16

2475

9

112

23

3625

10

109

28

3525

11

130

20

3225

12

104

25

3450

13

104

20

2425

14

111

26

3025

15

97

28

3625

16

115

29

2750

17

113

25

3150

18

88

23

2600

19

108

19

2525

20

101

16

2650

Test 0.05 level of significance if intelligence and extroversion can be used to forecast the sale performance. 

Determine the following:
R = ?

Intercept = ?

Intelligence = ?

Extrovesrsion = ?

MSRESIDUAL = ?

MSREGRESSION = ?

FRATIO = ?

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
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.
Similar questions
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