Question
a. Compute b 1 and b o (to 1 decimal). bi bo Complete the estimated regression equation (to 1 decimal). b. According to this model,
a. Compute b 1 and b o (to 1 decimal). bi bo Complete the estimated regression equation (to 1 decimal). b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)? c. Compute the coefficient of determination (to 3 decimals). Note: report r 2 between O and 1. .2 = What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)? % d. A new salesperson ions the team with 6 years of experience. What is the estimated annual sales ($1000s) for the new salesperson (to the nearest whole number)?
D1 \begin{tabular}{|c|c|c|c|c|} \hline & A & B & C & D \\ \hline 1 & Salesperson & Years of Experience & Annual Sales ($1000 s) & \\ \hline 2 & 1 & 2 & 80 & \\ \hline 3 & 2 & 2 & 94 & \\ \hline 4 & 3 & 3 & 97 & \\ \hline 5 & 4 & 4 & 99 & \\ \hline 6 & 5 & 7 & 101 & \\ \hline 7 & 6 & 7 & 106 & \\ \hline 8 & 7 & 11 & 124 & \\ \hline 9 & 8 & 11 & 117 & \\ \hline 10 & 9 & 10 & 121 & \\ \hline 11 & 10 & 12 & 136 & \\ \hline 12 & & & & \\ \hline 13 & & & & \\ \hline 14 & & & & \\ \hline 15 & & & & \\ \hline 16 & & & & \\ \hline 17 & & & & \\ \hline 18 & & & & \\ \hline 19 & & & & \\ \hline \end{tabular}Step by Step Solution
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