Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the following variables please help with parts 1-9 dependant variable (Sales) 41 34 38 39 37 39 34 40 41 44 40 44 41

Using the following variables please help with parts 1-9

dependant variable (Sales)

41 34 38 39 37 39 34 40 41 44 40 44 41 43 41 38 40 38 48 44 38 44 40 39 41 39 40 41 42 45 46 35 43 45 45 45 49 42 43 45 42 41 45 36 40 41 34 42 44 46 46 36 50 37 38 48 33 43 43 48 44 45 47 47 47 49 46 37 55 36 41 43 47 49 44 46 47 67 30 66 39 49 66 46 49 42 62 67 34 50 64 35 37 42 48 37 40 63 40 36

independent variable (Calls)

125 127 127 127 127 127 127 130 133 135 136 137 137 138 139 139 142 142 144 145 145 146 147 147 148 148 148 148 148 148 149 150 151 152 152 152 153 153 153 154 155 155 158 158 158 160 160 160 160 161 162 162 163 163 163 164 164 164 164 165 165 166 167 167 169 170 171 172 173 173 173 173 173 174 174 174 174 175 175 181 181 181 182 182 183 183 183 184 187 187 188 189 191 191 192 192 193 201 204

1. Scatter Plot-using data above can you explain how to formulate a scatter plot.

2. Regression Equation-Put the regression equation here.

3. Coefficient of Correlation-what is the value of the coefficient of coefficient. What type correlation is it and what strength

4. Coefficient of Determination-Give the value of the coefficient of determination. Interpret its value.

5. Results of the Hypothesis Test with a significance level of .05.

for Ho: B1 = 0 Ha: B1 0

p-value: put the p-value

Result of test: Explain whether you will reject not reject

Ho.

6. Explain hypothesis test above. Is the regression model (regression equation) significant in predicting the dependent variable? Why?

7. 95% confidence interval for B1

8. A. How many sales can we expect (estimate) for a sales person who made 140 calls? Estimated amount sales: Put the predicted value of SALES

here.

B. What is the 99% confidence interval for the number sales estimated above.

Confidence interval for estimated amount of sales:

9. 99% prediction interval for the number sales estimated above

Prediction interval for estimated sales:

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

Recommended Textbook for

Linear Algebra With Applications

Authors: W. Keith Nicholson

7th Edition

978-0070985100, 70985103

More Books

Students also viewed these Mathematics questions

Question

What is the purpose of a filter in your analysis of the data?

Answered: 1 week ago