Question: A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these
A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is = 81 + 4x.
| Salesperson | Years of Experience | Annual Sales ($1,000s) |
|---|
| 1 | 1 | 80 |
| 2 | 3 | 97 |
| 3 | 4 | 97 |
| 4 | 4 | 102 |
| 5 | 6 | 103 |
| 6 | 8 | 111 |
| 7 | 10 | 119 |
| 8 | 10 | 128 |
| 9 | 11 | 117 |
| 10 | 13 | 136 |
(A) Compute SST, SSR, and SSE.
SST______
SSR_______
SSE________
(b) Compute the coefficient of determination
r2.(Round your answer to three decimal places.)
r2=_______
(c)
What is the value of the sample correlation coefficient? (Round your answer to three decimal places.)
_______
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