Find the regression line predicting sales from no of people

Reference no: EM13634351

The accompanying data show the number of people working and the sales for a small bookstore. The regression line is given below. The bookstore decides to have a gala event in an attempt to drum up business. They hire 98 employees for the day and bring in a total of $41,000.

sales^ = 8.097+0.902 No. of salespeople working

No. of salespeople working	Sales (in$1000's)
2	9
3	12
7	13
10	15
10	18
9	18
13	21
14	21
16	22
18	24

mean (x)=10.2	mean (y) =17.3
SD(x)= 5.25	SD(y)= 4.90

A) Find the regression line predicting sales from no. of people working with the new point added.

B) Find the residual of the new point?

Reference no: EM13634351

Questions Cloud

The surface of the plate has an emissivity of 6 the : air flow along a length of a 50x50cm square heated flat plate is in a large room the plates surface is at a uniform

The teacher randomly finds a test with a good grade on it : a teacher has found that the probability that a student studies for a test is 60 the probability that a student gets a

To move a large crate across a rough floor you push on it : to move a large crate across a rough floor you push on it with a force f at an angle of 21deg below the horizontal.

An sae 4140 oqt 1000 sleeve is to be secured to a solid pin : an sae 4140 oqt 1000 sleeve is to be secured to a solid pin of the same material with an actual diametral interference

Find the regression line predicting sales from no of people : the accompanying data show the number of people working and the sales for a small bookstore. the regression line is

Water flows through a horizontal pipe of cross-sectional : water flows through a horizontal pipe of cross-sectional area 10 sq. cm. at one section the cross-sectional area is

Essay 1 discuss at least three ways in which henry 1 : 1 discuss at least three ways in which henry ltbrgt ltbrgt1. discuss at least three ways in which henry david

Push a heavy piece of furniture experiment to find the most : push a heavy piece of furniture. experiment to find the most efficient method.a. at what part of the object did you

How many hydrogen bonds can each water molecule participate : a how many hydrogen bonds can each water molecule participate in?illustrate your answer by drawing as many water

User Account

All Pages

Find the regression line predicting sales from no of people

Reference no: EM13634351

Reference no: EM13634351

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT