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Sales person years of experience annual sales

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Reference no: EM132286310

Sales Person Years of Experience Annual Sales ($1000)

1 3 84

2 3 95

3 3 92

4 4 100

5 6 101

6 9 109

7 11 115

8 9 118

9 12 122

10 12 134

a) Compute b1 and b0 (to 1 decimal).

b) Complete the estimated regression equation (to 1 decimal).

c) According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)?

d) Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1.

e) What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?

Reference no: EM132286310

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