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O 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

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O 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. Number of Sales Number of Sales Contacts, ($ thousands). Contacts, ($ thousands), X 37 $61 22 41 18 22 19 34 38 29 47 22 32 17 31 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 = 1.9340 a = -8.5729 0 Y'= -8.5729 0 + 1.9340 0X c. Determine the estimated sales if 53 contacts are made. (Round the final answer to 4 decimal places.) 93.9291 0

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