Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 A company has 12 branchese. The number of employee and the monthly sales of each branch are given in the table below: Branch

image text in transcribed

QUESTION 1 A company has 12 branchese. The number of employee and the monthly sales of each branch are given in the table below: Branch Number of Monthly Sales Employee Sales($000's) A 4 204 B. 5 241 4 251 D 7 366 E 6 321 F 9 501 G 7 406 H 8 421 I 6 331 J 7 306 K 4 286 L 5 301 a) Represent the data on a scatter graph. [5 marks] b) Write down excel function for the correlation r (0.914467) and make comment on it. [5 marks). c) Write down excel function for Slope (46.633) and Intercept (48.116) of the regression line of best fit and add it to your scatter graph. [5 marks] d) Use the equation to forecast the monthly sales for a new store where it is planned to employ 8 sales assistants. [5 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What are the primary screening devices used in staffing?

Answered: 1 week ago