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The following table shows the number of cars sold last month by six dealers at Centreville...

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Question

Statistics

The following table shows the number of cars sold last month bysix dealers at Centreville Nissan dealership and their number ofyears of sales experience.

Years of ExperienceSales
17
29
29
48
514
814

A: Management would like to use simple regression analysis toestimate monthly car sales using the number of years of salesexperience. Estimate and interpret the following: a) RegressionEquation, b) Slope, c) y-intercept.

B: what happens when years increase by 1?

C What is the predicted salary for someone with 4 years ofhigher education.

Answer & Explanation Solved by verified expert
4.3 Ratings (672 Votes)
AThe following data are passedXY17292948514814The independent variable is X and the dependent variable is YIn order to compute the    See Answer
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