.Compute b, and bo (to 1 decimal).

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.5: The Binomial Theorem
Problem 3E
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data set attached with question 

Years of Experience Annual Sales ($1000s)
77
Salesperson
3
2
3
102
3
5
93
4
107
5
106
8
114
7
11
120
8
11
121
12
121
10
14
139
LO CO
Transcribed Image Text:Years of Experience Annual Sales ($1000s) 77 Salesperson 3 2 3 102 3 5 93 4 107 5 106 8 114 7 11 120 8 11 121 12 121 10 14 139 LO CO
a. Compute b1 and bo (to 1 decimal).
b =
3.4 X
bo =
Complete the estimated regression equation (to 1 decimal).
y =
b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)?
c. Compute the coefficient of determination (to 3 decimals). Note: report 2 between 0 and 1.
r2 =
What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?
84.7
%
d. A new salesperson joins the team with 6 years of experience. What is the estimated annual sales ($1000s) for the new salesperson (to the nearest whole
number)?
$
Transcribed Image Text:a. Compute b1 and bo (to 1 decimal). b = 3.4 X bo = Complete the estimated regression equation (to 1 decimal). y = b. According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)? c. Compute the coefficient of determination (to 3 decimals). Note: report 2 between 0 and 1. r2 = What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)? 84.7 % d. A new salesperson joins the team with 6 years of experience. What is the estimated annual sales ($1000s) for the new salesperson (to the nearest whole number)? $
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