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A sales manager collected data on annual sales for new customer accounts and the number of years of experience for a sample of 10 salespersons.
A sales manager collected data on annual sales for new customer accounts and the number of years of experience for a sample of 10 salespersons. In the Microsoft Excel Online file below you will find a sample of data on years of experience of the salesperson and annual sales. Conduct a regression analysis to explore the relationship between these two variables and then answer the following questions. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak Open spreadsheet Compute b 1 and b 0 (to 1 decimal). b 1 = fill in the blank 2 b 0 = fill in the blank 3 Complete the estimated regression equation (to 1 decimal). = fill in the blank 4 + fill in the blank 5 x According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)? fill in the blank 6 Compute the coefficient of determination (to 3 decimals). Note: report r 2 between 0 and 1. r 2 = fill in the blank 7 What percentage of the variation in annual sales ($1000s) can be
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