For the bookstore sales data in Exercise 1, the correlation of number of sales people and sales
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For the bookstore sales data in Exercise 1, the correlation of number of sales people and sales is 0.965.
a) If the number of people working is 2 standard deviations above the mean, how many standard deviations above or below the mean do you expect sales to be?
b) What value of sales does that correspond to?
c) If the number of people working is 1 standard deviation below the mean, how many standard deviations above or below the mean do you expect sales to be?
d) What value of sales does that correspond to?
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Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
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