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A manager wishes to determine the relationship between the number of years her sales representatives have been employed by the firm and their amount of
A manager wishes to determine the relationship between the number of years her sales representatives have been employed by the firm and their amount of sales in thousands of dollars per month. Find the equation of the regression line for the given data. What would be the predicted sales if the sales representative was employed by the firm for years? Is this reasonable? Why or why not? Round the predicted sales to the nearest dollar. Round the regression line values to the nearest hundredth.
tableYears employed, xSales y
A hat;$; No it is not reasonable. Thirty years of employment is well outside the scope of the model.
B hat;$; Yes, it is reasonable. Thirty years of employment is well outside the scope of the model.
C hat;$; Yes, it is reasonable. Thirty years of employment is well outside the scope of the model.
D hat;$; No it is not reasonable. Thirty years of employment is well outside the scope of the model.
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