a. Compute bi and bo (to 1 decimal). bo Complete the estimated regression equation (to 1 decimal). b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)? C. Compute the coefficient of determination (to 3 decimals). Note: report r between 0 and 1. What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?
a. Compute bi and bo (to 1 decimal). bo Complete the estimated regression equation (to 1 decimal). b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)? C. Compute the coefficient of determination (to 3 decimals). Note: report r between 0 and 1. What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Transcribed Image Text:a. Compute b i and bo (to 1 decimal).
bo
Complete the estimated regression equation (to 1 decimal).
b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)?
C. Compute the coefficient of determination (to 3 decimats). Note: report r between 0 and 1.
What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?
d. A new salesperson joins the team with 6 years of experience. What is the estimated annual sales ($1000s) for the new salesperson (to
the nearest whole number)?
Transcribed Image Text:Salesperson
Years of Experience Annual Sales ($1000s)
85
1
1
3
101
3
93
4
3
98
108
8
107
9.
116
8
10
122
10
11
12
9.
12
115
10
14
134
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