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

ŷ = 80 + 4x.

Salesperson	Years of Experience	Annual Sales ($1,000s)
1	1	80
2	3	97
3	4	92
4	4	102
5	6	103
6	8	111
7	10	119
8	10	123
9	11	117
10	13	136

(a) Compute the residuals.

Years of Experience	Annual Sales ($1,000s)	Residuals
1	80
3	97
4	92
4	102
6	103
8	111
10	119
10	123
11	117
13	136

Answer rating: 100% (QA)

Given x 8 years of experiance y annual sale... View the full answer