The accompanying data show the number of people working and the sales for a small bookstore....

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The accompanying data show the number of people working and thesales for a small bookstore. The regression line is given below.The bookstore decides to have a gala event in an attempt to drum upbusiness. They hire 103 employees for the day and bring in a totalof $ 41,000.

Sales = 7.873 + 0.946(Number of Salespeople Working)

Number of Salespeople Working // Sales

2 // 9

3 // 12

7 // 14

9 // 14

10 // 17

10 // 20

12 // 20

16 // 23

16 // 22

22 // 29

x (overline) = 10.7

y (overline) = 18.0

SD(x) = 6.13

SD(y) = 5.96

Complete parts a through d below.

a) Find the regression line predicting Sales from Number ofpeople working with the new point added.

b) What has changed from the original regression? equation??

c) Is the new point a high leverage point or an influential?point? ?

d) Does the new point have a large? residual? .

Answer & Explanation Solved by verified expert
4.4 Ratings (908 Votes)
xy2931271491410171020122016231622222910341Using Exceldata data analysis regressionSUMMARY OUTPUTRegression StatisticsMultipleR0884279408RSquare0781950071AdjustedR    See Answer
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