Question
I am stuck and don't understand this HW The distance travelled (hundreds of miles) and sales (thousands of dollars) for the ACME Company is reflected
I am stuck and don't understand this HW
The distance travelled (hundreds of miles) and sales (thousands of dollars) for the ACME Company is reflected in table below:
| Miles Travelled | Sales |
| 2 | 3 |
| 3 | 5 |
| 10 | 8 |
| 7 | 6 |
| 8 | 7 |
| 15 | 12 |
Use this data for questions 20-24
- What is the Correlation Coefficient?
- What is the Test Statistic for the Correlation Coefficient?
- What is the regression slope?
- What is the regression intercept?
- If a salesman travels 400 miles what is the predicted sales?
- Given a Correlation of Coefficient of 0.6652, what is the ratio of SSR/SST?
- Given an SST of 352 and SSR of 312, what is the Sum of Squares Error (SSE)?
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Practical Linear Algebra A Geometry Toolbox
Authors: Gerald Farin, Dianne Hansford
4th Edition
1003051219, 9781003051213
