A manager of a car dealership believes there is a relationship between the number of salespeople on
Question:
A manager of a car dealership believes there is a relationship between the number of salespeople on duty and the number of cars sold. Suppose the following sample is used to develop a simple regression model to predict the number of cars sold by the number of salespeople.
Solve for r2 and explain what r2 means in thisproblem.
Transcribed Image Text:
Number of Number of Week Cars Sold Salespeople 79 49 52
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y 267 y 2 15971 x 21 x 2 101 xy 1256 n 5 b 0 9234375 b 1 10515625 SSE y 2 b 0 y b 1 xy 1597...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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