Question: Here are the data from the small bookstore we saw in chapter 15, Exercise, The regression line is: Sales = 8.10 + 0.913 number of
.png)
The regression line is:
Sales = 8.10 + 0.913 number of sales people working and we can assume that the assumptions and conditions for regression are met. Calculations with technology find that se = 1.477.
a) Find the predicted sales on a day with 500 employees working.
b) Is this prediction likely to be useful? Explain.
Number ef Sales People Working Sales(in $1000) 13 14 10 10 12 15 16 20 20 20 26 y = 17.6 D(y) 5.34 10.4 so(x) 564
Step by Step Solution
3.43 Rating (172 Votes )
There are 3 Steps involved in it
a Yhat 810 0913x 810 0913500 4646 000 or 464600 b The prediction ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
452-M-S-S-M (309).docx
120 KBs Word File
