Compute the regression equation

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Reference no: EM1397099

Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales ($ thousands) last month for each client samples

a. Determine the regression equation.

b. Determine the estimated sales if 40 contacts are made.

Reference no: EM1397099

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