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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Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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