Ch. 3: Forecasting: Linear Regression (5 pts). Smith Pipe and Supply Smith Pipe and Supply relies on it salesforce to generate sales revenue and tracks the amount of sales by salesperson. It has captured the following information: Smith Pipe and Supply wants to hire a new salesman and is trying to determine the relationship between salary paid and sales revenue generated. 1). If Smith pays a new salesperson $6K, what should the company forecast for added sales revenue? 2). How well is Salary amount paid a predictor of Sales Revenue Generated (hint: use r and r2 to answer the question)