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A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these
A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is
= 82 + 4x.
Salesperson | Years of Experience | Annual Sales ($1,000s) |
---|---|---|
1 | 1 | 80 |
2 | 3 | 97 |
3 | 4 | 97 |
4 | 4 | 107 |
5 | 6 | 103 |
6 | 8 | 116 |
7 | 10 | 119 |
8 | 10 | 118 |
9 | 11 | 127 |
10 | 13 | 136 |
(a)Compute the residuals.
Years of Experience | Annual Sales ($1,000s) | Residuals |
---|---|---|
1 | 80 | |
3 | 97 | |
4 | 97 | |
4 | 107 | |
6 | 103 | |
8 | 116 | |
10 | 119 | |
10 | 118 | |
11 | 127 | |
13 | 136 |
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