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2) A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years. Determine:
2) A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years. Determine:
# of employees sales (In $000's)
1975 100
2010 110
2005 122
2020 130
2030 139
2031 152
2050 164
2100 ?
(a) a scatter diagram.
(b) the correlation coefficient.
(c) the coefficient of determination.
(d) the least squares trend line.
(e) the predicted value of sales for 2100 employees.
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