Recall the small bookstore we saw in Exercise 9. The regression line is: Sales = 8.10 +
Question:
Recall the small bookstore we saw in Exercise 9.
The regression line is:
Sales = 8.10 + 0.9134 Number of Sales People Working and the assumptions and conditions for regression are met.
Calculations with technology find that se = 1.477.
a) Find the predicted sales on a day with 500 employees working.
b) Find a 95% prediction interval for the sales on a day with 500 employees working.
c) Are these predictions likely to be useful? Explain.
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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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