Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Below is a table for a bivariate regression of annual commission on number of items sold. Regression Coefficients* Model (Constant) Number of ITEMS SOLD
Below is a table for a bivariate regression of annual commission on number of items sold. Regression Coefficients* Model (Constant) Number of ITEMS SOLD Unstandardized Coefficients B Std. Error -7530 276.63 551.89 1376.10 Standardized Coefficients t Sig. Beta 84.30 .000 .642 -2.36 .018 b. Dependent Variable: annual commission/bonus in dollars (BONUS) 1. What is the dependent variable? What is the independent variable? 2. Write out the regression equation. 3. (a) What number in the table represents the y-intercept? (b) Interpret the y-intercept. 4. (a) What number in the table represents the regression coefficient? (b) Interpret the regression coefficient. 5. From this study sample, what is the expected commission for selling 45 items? 6. How many items should someone sell to earn an expected commission of $10,000? BE SURE TO SHOW YOUR WORK
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started