Mr. James McWhinney, president of Daniel James Financial Services, believes there is a relationship between the...

Transcribed Image Text:

Mr. James McWhinney, president of Daniel James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales ($ thousands) last month for each client sampled. Sales Number of Contacts, ($ thousands), Number of Sales Contacts, ($ thousands), x X Y 22 $23 35 $54 46 116 36 50 K 37 57 42 63 19 35 31 41 ces 49 95 14 27 a. Not available in Connect b. Determine the regression equation. (Do not round intermediate calculations and round the final answers to 4 decimal places. Negative answers should be indicated by a minus sign.) b Y c. Determine the estimated sales if 58 contacts are made. (Round the final answer to 4 decimal places.) Mr. James McWhinney, president of Daniel James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales ($ thousands) last month for each client sampled. Sales Number of Contacts, ($ thousands), Number of Sales Contacts, ($ thousands), x X Y 22 $23 35 $54 46 116 36 50 K 37 57 42 63 19 35 31 41 ces 49 95 14 27 a. Not available in Connect b. Determine the regression equation. (Do not round intermediate calculations and round the final answers to 4 decimal places. Negative answers should be indicated by a minus sign.) b Y c. Determine the estimated sales if 58 contacts are made. (Round the final answer to 4 decimal places.)