Essay
Sales and Experience The general manager of a chain of department stores believes that experience is the most important factor in determining the level of success of a salesperson. To examine this belief she records last month's sales (in $1,000s)and the years of experience of 10 randomly selected salespeople. These data are listed below. {Sales and Experience Narrative} Conduct a test of the population slope to determine at the 5% significance level whether a positive linear relationship exists between years of experience and sales.
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H 0: b 1 = 0 vs. H 1: b 1 > 0 Rejection regi...View Answer
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