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The manager of a bookstore wants to predict Sales from Number of Sales People Working using the accompanying data. Complete parts a through h below.
The manager of a bookstore wants to predict Sales from Number of Sales People Working using the accompanying data. Complete parts a through h below.
Number of sales people working 2 3 8 10 12 12 14 15 18 19
Sales (in $1000) 10 11 14 17 19 20 20 23 23 25
x = 11.3 y = 18.2
SD(x) = 5.72 SD(y) = 5.14
r = 0.985
a) Find the slopeestimate, b1.
b1 = ??? (Round to three decimal places as needed)
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