The president of a company was interested in determining whether there is a correlation between sales made

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The president of a company was interested in determining whether there is a correlation between sales made by different sales teams and hours spent on employee training. These figures are shown.

Sales (in thousands) ..... Training Hours

25 ............. 10

40 ............. 12

36 ............. 12

50 ............. 15

11 .............. 6

Compute the correlation coefficient for the data. What is your interpretation of this value?

Using the data, what would you expect sales to be if training was increased to 18 hours?

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Operations Management

ISBN: 978-0470325049

4th edition

Authors: R. Dan Reid, Nada R. Sanders

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Question Posted: Jul 11, 2014 03:57 AM

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The president of a company was interested in determining whether there is a correlation between sales made

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a XY 1978 X 2 649 Y 2 6142 X 55 Y 162 Correlation coefficien...View the full answer

Operations Management

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