Question: a. Compute b1 and b0 (to 1 decimal). b1=b0= Complete the estimated regression equation (to 1 decimal). y^=+3x b. According to this model, what is


a. Compute b1 and b0 (to 1 decimal). b1=b0= Complete the estimated regression equation (to 1 decimal). y^=+3x b. According to this model, what is the change in annual sales ( $1000 s) for every year of experience (to 1 decimal)? c. Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1 . r2= What percentage of the variation in annual sales ( $1000 s) can be explained by the years of experience of the salesperson (to 1 decimal)? % d. A new salesperson joins the team with 6 years of experience. What is the estimated annual sales ( $1000 s) for the new salesperson (to the nearest whole number)? $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
