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Jorge wants to create a model to predict sales (in $10000) based on the number of hours worked and the number of customers seen.Using the
Jorge wants to create a model to predict sales (in $10000) based on the number of hours worked and the number of customers seen.Using the data below answer the questions:
Sales Hours Worked Number of Customers
15.64454
15.74352
15.44155
14.34155
11.84039
9.74028
9.64037
10.23858
11.33867
14.332186
- In order to test if hours worked is a significant predictor of Sales given Number of customers is held constant, I would use the ___ test(Enter t, z,or p)?
- The p-value for the test statistic above (that is the test statistic to determine if hours worked is a significant predictor of Sales given Number of customers is held constant is ________ (write p-value to three significant digits)?
- Approximately 86% of the variability in Sales can be explained by the variability in hours worked (true or false)?
- To the nearest dollar (do not use dollar sign or comma), if a salesperson worked 40 hours and had 60 customers, what would you expect sales to be?
- Is the residual for the last observation (the one with 32 hours worked and 186 customers) positive or negative (write positive or negative)?
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