Mr. James McWhinney, president of Dantel-James Financial Services, beleves there is a relationship between the number...
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Mr. James McWhinney, president of Dantel-James Financial Services, beleves there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column Indicates the number of client contacts last month, and the Ycolumn shows the value of sales ($ thousands) last month for each client sampled. Number of Sales Nunber of Sales Contacts, (s thousands), Contacts, ($ thousands), 35 $57 $34 17 22 22 32 19 34 19 30 13 23 32 50 32 38 25 30 6. Not avalable in Connect b. Determine the regression equation. (Do not round Intermediete colculations and round the final answers to 4 decimal pleces. Negative answers should be Indicated by a minus sign.) c. Determine the estimated sales if 35 contacts are made. (Round the finel answer to 4 decimal pleces) Mr. James McWhinney, president of Dantel-James Financial Services, beleves there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column Indicates the number of client contacts last month, and the Ycolumn shows the value of sales ($ thousands) last month for each client sampled. Number of Sales Nunber of Sales Contacts, (s thousands), Contacts, ($ thousands), 35 $57 $34 17 22 22 32 19 34 19 30 13 23 32 50 32 38 25 30 6. Not avalable in Connect b. Determine the regression equation. (Do not round Intermediete colculations and round the final answers to 4 decimal pleces. Negative answers should be Indicated by a minus sign.) c. Determine the estimated sales if 35 contacts are made. (Round the finel answer to 4 decimal pleces)
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Related Book For
Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman
Posted Date:
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