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Below is a table for a bivariate regression of annual commission on number of items sold. Regression Coefficients a Model Unstandardized Coefficients Standardized Coefficients t
Below is a table for a bivariate regression of annual commission on number of items sold.
| Regression Coefficientsa | ||||||
|---|---|---|---|---|---|---|
| Model | Unstandardized Coefficients | Standardized Coefficients | t | Sig. | ||
| B | Std. Error | Beta | ||||
| 1 | (Constant) | -7530 | 276.63 | 84.30 | .000 | |
| Number of ITEMS SOLD | 551.89 | 1376.10 | .642 | -2.36 | .018 | |
|
- What is the dependent variable? What is the independent variable?
- Write out the regression equation.
- (a) What number in the table represents the y-intercept?
(b) Interpret the y-intercept.
- (a) What number in the table represents the regression coefficient?
- Interpret the regression coefficient.
- From this study sample, what is the expected commission for selling 45 items?
- How many items should someone sell to earn an expected commission of $10,000? BE SURE TO SHOW YOUR WORK
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A First Course In Probability
Authors: Sheldon Ross
10th Edition
0134753119, 978-0134753119
