Sales: Insurance Dorothy Kelly sells life insurance for the Prudence Insurance Company. She sells insurance by making
Question:
Sales: Insurance Dorothy Kelly sells life insurance for the Prudence Insurance Company. She sells insurance by making visits to her clients’ homes. Dorothy believes that the number of sales should depend, to some degree, on the number of visits made. For the past several years, she has kept careful records of the number of visits (x) she makes each week and the number of people (y) who buy insurance that week. For a random sample of 15 such weeks, the x and y values follow:
x 11 19 16 13 28 5 20 14 22 7 15 29 8 25 16 y 3 11 8 5 8 2 5 6 8 3 5 10 6 10 7 Complete parts
(a) through (c), given x 5 248; y 5 97; x2 5 4856; y2 5 731; xy 5 1825
(d) In a week during which Dorothy makes 18 visits, how many people do you predict will buy insurance from her?
Step by Step Answer:
Understanding Basic Statistics
ISBN: 9781305548893
7th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase