For the following bookstore sales data, the correlation is 0.965. Number of Salespeople Working Sales (in $1000)
Question:
For the following bookstore sales data, the correlation is 0.965.
Number of Salespeople Working Sales (in $1000)
2................................................................................................10
3................................................................................................11
7................................................................................................13
9................................................................................................14
10..............................................................................................18
10..............................................................................................20
12..............................................................................................20
15..............................................................................................22
16..............................................................................................22
20..............................................................................................26
x = 10.4............................................................................ŷ = 17.6
SD(x) = 5.64...............................................................SD(y) = 5.34
a) If the number of people working is two 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 one 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?
Step by Step Answer:
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright