Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of
Question:
Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The x column indicates the number of client contacts last month and the y column shows the value of sales ($ thousands) last month for each client sampled.
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a. Determine the regression equation.
b. Determine the estimated sales if 40 contacts aremade.
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a X Y 14 24 194 371 37636 137641 71974 12 14 214 471 45796 221841 100794 20 28 134 33...View the full answer
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Related Book For 
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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