Bus Stats

DATA : Sales A sales manager collected the following data on x + years of experience and ye annual sales ($1,000s). The estimated regression equation for these data is 8 - 80 + 4x. Salesperson Years of Experience Annual Sales ($1,000) 1 1 80 2 97 3 4 92 4 4 102 5 6 103 6 8 111 7 7 10 119 8 10 123 9 11 117 10 13 136 (b) Compute the coefficient of determination (Round your answer to three decimal places.) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) The least squares line did not provide a good it as a small proportion of the variability in y has been explained by the least squares line. The least squares line provided a good fit as a small proportion of the variability In y has been explained by the least squares line. The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line. The least squares fine did not provide a good nt as a large proportion of the variability in y has been explained by the least squares line (c) What is the value of the sample correlation coefficient? (Round your answer to three decimal places.)