Sales and Experience The General Manager of a Chain of Department Stores Believes

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} Determine the standard error of estimate and describe what this statistic tells you about the regression line.