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What is the value of more sales people on the floor? The following data is 10 weeks of sales data for the Lethbridge Brick furniture
What is the value of more sales people on the floor?
The following data is 10 weeks of sales data for the Lethbridge Brick furniture store. The first column contains the number of sales people working on the floor that day and the second column is the daily sales in thousands of dollars.
#sales_ppl | Sales (in $1000) | ||
2 | 10 | ||
3 | 11 | ||
7 | 13 | ||
9 | 14 | ||
10 | 18 | ||
10 | 20 | ||
12 | 20 | ||
15 | 22 | ||
16 | 22 | ||
20 | 26 | ||
- Compute the sample regression line, where Sales is your dependent variable and number ofsalespeople is your independent variable. Interpret the coefficients.
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