Question
2a. Suppose you are given the following data involving weekly sales and test scores supposedly designed to pick out the best salespersons. Test scoreWeekly sales
2a. Suppose you are given the following data involving weekly sales and test scores supposedly designed to pick out the "best" salespersons.
Test scoreWeekly sales (in millions)n=7
Mr. Amber813
Mr. Archer614
Ms Smith59
Mr. Malcolm1012
Mr. Goodwin911
Ms. Bly710
Ms.Rain415
Use x=5 for Part III of the regression problem (prediction interval).
Calculate the correlation coefficient, r. calculate the coefficient of determination, r^2; of non determination. Interpret them.
2b. Suppose you wish to test for the significance of r, the correlation coefficient, in problem 2a, given n=7. Using the .01 level of significance, test the hypothesis that r is not different from 0 versus that r is different from 0 (remember r can be between -1 and +1) in the population. Do you accept or reject the null hypothesis?
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