Question
A sales manager collected the following data on annual sales and years of experience of 10 workers *****In each of your responses include the RStudio
A sales manager collected the following data on annual sales and years of experience of 10 workers
*****In each of your responses include the RStudio code that was used******
Years of Experience | Annual Sales (in thousands $) |
1 | 80 |
3 | 97 |
4 | 92 |
4 | 102 |
6 | 103 |
8 | 111 |
10 | 119 |
10 | 123 |
11 | 117 |
13 | 136 |
A. Create a scatter plot (dot plot) with these data, with the independent variable being years of experience.
B. Calculate the correlation coefficient and interpret the value
C. Give the estimated regression equation that can be used to predict annual sales when years of experience are known and interpret the parameters
D. Calculate the coefficient of determination and interpret the value.
E. Use the estimated regression equation to forecast the annual sales of a salesperson with 9 years of experience.
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