The following table shows the average (mean) number of clients per month and the sales volume, in

Question:

The following table shows the average (mean) number of clients per month and the sales volume, in thousands of dollars, for 8 salespeople.

a) Determine the correlation coefficient between the average number of clients and the sales.

b) Determine whether a correlation exists at α = 0.05

c) Determine the equation of the line of best fit for the average number of clients and the sales.

d) Use the equation in part (c) to estimate the sales for a person with an average number of clients per month of 25.

Round both m and b the nearest hundredth.

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 15, 2021 12:58 AM

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The following table shows the average (mean) number of clients per month and the sales volume, in

Question:

Average number of clients 12 14 16 20 23 46 50 48 Sales (thousands $) 16 25 30 30 75 82 100 90

Step by Step Answer:

a b Yes 0927 0707 c d y 19125 125 490 or 49000 7 8164392...View the full answer

A Survey Of Mathematics With Applications

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