Question

In exercise 7 a sales manager collected the following data on x = annual sales and y 5 years of experience. The estimated regression equation for these data is y = 80 + 4x.


a. Compute SST, SSR, and SSE.
b. Compute the coefficient of determination r2. Comment on the goodness of fit.
c. What is the value of the sample correlationcoefficient?


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  • CreatedFebruary 16, 2015
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