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A manager wishes to determine the relationship between the number of miles traveled (in hundreds of miles) by her sales representatives and their amount of
A manager wishes to determine the relationship between the number of miles traveled (in hundreds of miles) by her sales representatives and their amount of sales (in thousands of dollars) per month in an attempt to predict future sales.
Here is a part of the Excel regression output for the data. What is the equation for the line based on this output?
Coefficients | Standard Error | t Stat | P-value | |
Intercept | 37.91575092 | 13.15092845 | 2.8831235 | 0.023546 |
miles | 3.529304029 | 1.635370567 | 2.1581066 | 0.067797 |
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