A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the​ employee's number of years of sales experience. The accompanying regression output was developed based on a random sample of employees.         ANOVA df SS Regression 1 79.909407 Residual 23 261.210593 Total 24 341.12     Coefficients Standard Error Intercept 7.271539 1.229763 Slope 0.539854     Predict the sales next month for an employee with 2.5 years of experience.   The predicted sales is _________ cars. ​(Type an integer or decimal rounded to one decimal place as​ needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Question

A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the​ employee's number of years of sales experience. The accompanying regression output was developed based on a random sample of employees.

 

 
 
 
ANOVA df
SS
Regression
1
79.909407
Residual
23
261.210593
Total
24
341.12
 
 
Coefficients
Standard Error
Intercept
7.271539
1.229763
Slope
0.539854
 

 

Predict the sales next month for an employee with 2.5 years of experience.
 
The predicted sales is _________ cars.
​(Type an integer or decimal rounded to one decimal place as​ needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman