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Answer the question in the screenshot below. Please show your work and write legibly. Thank you! 1. An insurance company conducts a survey of 15
Answer the question in the screenshot below. Please show your work and write legibly. Thank you!
1. An insurance company conducts a survey of 15 of its life insurance agents. The average number of minutes spent with each potential customer and the number of policies sold in a week are noted for each agent. Letting x represent the average number of minut and y represent the number of sales, we have: E-EIE-mu-M _----EIEIEIIEIIEIIEIIII Ema ---------------- a} Construct a scatter plot. Label the axes. Describe the relationship displayed in the scatter plot. b} Determine the equation of the ISRL Carefully draw the LSHL in the scatter plot above. c} Interpret the meaning of the slope and yintercept of the regressio n line in the conteat of the problem. cl} Predict the average sales per week of an agent who averages 24 minutes with each customer. e} In the space provided in the table above, provide the residual for each data pointStep by Step Solution
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