Mathematics, 10.03.2020 00:03 nikkiebartels
A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample of salespersons.
Saleperson Year of experience Annual Sales ($1000)
1 1 80
2 3 97
3 4 92
4 4 102
5 6 103
6 8 111
7 10 119
8 10 123
9 11 117
10 13 136
a. Develop a scatter diagram for these data with years of experience as the independent variable.
b. Develop an estimated regression equation that can be used to predict annual sales given the years of experience.
c. Use the estimated regression equation to predict annual sales for a salesperson with 9 years of experience.
Answers: 1
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A sales manager collected the following data on annual sales for new customer accounts and the numbe...
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