Question
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.
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. (Round the final answers to 2 decimal places.)
Number of Contacts, X | Sales ($ thousands), Y | Number of Contacts, X | Sales ($ thousands), Y |
43 | $63 | 22 | $26 |
37 | 60 | 26 | 49 |
34 | 30 | 44 | 67 |
29 | 41 | 41 | 67 |
22 | 33 | 13 | 25 |
a.Determine the 95% confidence interval, in thousands of dollars, for the mean of all sales personnel who make 35 contacts.
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b.Determine the 95% prediction interval, in thousands of dollars, for a particular salesperson who makes 35 contacts.
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