Essay
A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years. 
(a) Develop a scatter diagram.
(b) Determine the correlation coefficient.
(c) Determine the coefficient of determination.
(d) Determine the least squares trend line.
(e) Determine the predicted value of sales for 2100 employees.
Correct Answer:
Verified
(a) 
(b) .937
(c) .8...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
(b) .937(c) .8...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q27: What can be said about a correlation
Q27: What can be said about a correlation
Q56: What is the formula for r<sup>2</sup>?
Q72: In a good regression model the residual
Q84: The _ indicates how much total variability
Q86: The errors in a regression model are
Q99: Errors are also called residuals.
Q102: Summing the error values in a regression
Q112: A prediction equation for starting salaries (in
Q116: Bob White is conducting research on monthly