A manager wishes to determine the relationship between the number of years her sales representatives...

50.1K

Verified Solution

Question

Statistics

image

A manager wishes to determine the relationship between the number of years her sales representatives have been employed by the firm and their amount of sales in thousands of dollars per month Find the least squares regression line for the given data What would be the predicted sales if the sales representative was employed by the firm for 30 years Is this reasonable Why or why not Round the least squares regression line values to two decimal places Years employed x 2 Sales y 31 3 10 33 78 7 62 8 15 65 3 1 110 61 48 55 120 OA y 3 53x 37 92 143 820 Yes it is reasonable OB y 3 53x 37 92 143 820 No it is not reasonable 30 years of employment is well outside the scope of the model OC 3 53x 37 92 67 980 Yes it is reasonable OD 3 53x 37 92 67 980 No it is not reasonable 30 years of employment is well outside the scope of the model

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

A manager wishes to determine the relationship between the number of years her sales representatives have been employed by the firm and their amount of sales in thousands of dollars per month Find the least squares regression line for the given data What would be the predicted sales if the sales representative was employed by the firm for 30 years Is this reasonable Why or why not Round the least squares regression line values to two decimal places Years employed x 2 Sales y 31 3 10 33 78 7 62 8 15 65 3 1 110 61 48 55 120 OA y 3 53x 37 92 143 820 Yes it is reasonable OB y 3 53x 37 92 143 820 No it is not reasonable 30 years of employment is well outside the scope of the model OC 3 53x 37 92 67 980 Yes it is reasonable OD 3 53x 37 92 67 980 No it is not reasonable 30 years of employment is well outside the scope of the model

Other questions asked by students