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can you please solve this The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings
can you please solve this
The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. They are using a linear regression analysis to analyze their data. Below is the regression output: a. Below is a plot created during the regression analysis. Which assumption of linear regression can you analyze using this plot? b. Formulate the regression equation for predicting the total Sales amount based on the new number of clients. c. Interpret the slope of the regression equation formulated in part b. Remember to give your answer in the context of this problem. d. What is the estimated sales amount for a person who brings in 25 new clients? e. Calculate and interpret the R squared value of this regression analysis. f. State the hypotheses to test if there is a significant linear relationship between the two variables. g. Determine if there is evidence of a linear relationship between the two variables at a 0,01 level of significance using the critical value approach. Interpret the results of the test. h. Determine if there is evidence of a linear relationship between the two variables at a 0,01 level of significance using the p-value approach. Interpret the results of the test. The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. They are using a linear regression analysis to analyze their data. Below is the regression output: a. Below is a plot created during the regression analysis. Which assumption of linear regression can you analyze using this plot? b. Formulate the regression equation for predicting the total Sales amount based on the new number of clients. c. Interpret the slope of the regression equation formulated in part b. Remember to give your answer in the context of this problem. d. What is the estimated sales amount for a person who brings in 25 new clients? e. Calculate and interpret the R squared value of this regression analysis. f. State the hypotheses to test if there is a significant linear relationship between the two variables. g. Determine if there is evidence of a linear relationship between the two variables at a 0,01 level of significance using the critical value approach. Interpret the results of the test. h. Determine if there is evidence of a linear relationship between the two variables at a 0,01 level of significance using the p-value approach. Interpret the results of the test Step by Step Solution
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