Question: What's the correct answer for part (F)please Thanks!! D. It means that, on average, an additional increase of by $1000 in sa c) Find the

 What's the correct answer for part (F)please Thanks!! D. It means

What's the correct answer for part (F)please Thanks!!

D. It means that, on average, an additional increase of by $1000 in sa c) Find the intercept, bo. Number of Sales People Working 2 Sales (in $1000) 10 bo = 8.198 (Round to three decimal places as needed.) 3 12 d) What does this bo value mean, in this context? Does this value of bo mak 8 13 10 17 bo is greater 11 18 O A. It means that, on average, the total sales will equal bo . $1000 multip B. It means that, on average, an additional increase of bo $1000 in sa c. It means that, on average, the expected sales is bo $1000 with 0 sa 11 19 bt make sens 12 19 it any sales v 13 21 D. It would mean that, on average, the minimum amount of sales made 17 21 Po is greater 19 27 e) Write down the equation that predicts Sales from Number of Sales People Working. y=115 Sales = 8.198 + 0.896 x (Round to three decimal places as needed.) x = 10.6 SD(x) = 5.36 SD(y) = 5.01 r=0.959 f) If 15 people are working, what sales (in dollars) do you predict? The predicted sales are dollars. (Round to the nearest ten dollars as needed.) Print Done otor v in the hoy and then click Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!