Question: You may need to use the appropriate appendix table or technology to answer this question. The data on y = annual sales ($1,000s) for

You may need to use the appropriate appendix table or technology to

You may need to use the appropriate appendix table or technology to answer this question. The data on y = annual sales ($1,000s) for new customer accounts and x = number of years of experience for a sample of 10 salespersons provided the estimated regression equation = 80 + 4x. For these data, x = 7, (x; - x) = 142, and s = 4.6098. (a) Develop a 95% confidence interval for the mean annual sales (in thousands of dollars) for all salespersons with nine years of experience. (Round your answers to two decimal places.) $112.03 thousand to $ 119.97 thousand (b) The company is considering hiring Tom Smart, a salesperson with nine years of experience. Develop a 95% prediction interval of annual sales (in thousands of dollars) for Tom Smart. (Round your answers to two decimal places.) $104.66 thousand to $ 127.34 thousand

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