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A sales agent brings in $50,000 in revenue during her first year on the job. If the correlation between sales performance in subsequent years is 0.25, and if the mean sales for all agents in both years is $100,000 in total revenue (with constant variance), how much revenue would the agent be expected to bring in during her second year? O $50,000 O $87,500 O $100,000 O $55,900 O $67,250

A sales agent brings in $50,000 in revenue during her first year on the job. If the correlation between sales performance in subsequent years is 0.25, and if the mean sales for all agents in both years is $100,000 in total revenue (with constant variance), how much revenue would the agent be expected to bring in during her second year? O $50,000 O $87,500 O $100,000 O $55,900 O $67,250

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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A sales agent brings in $50,000 in revenue during her first year on the job. If the correlation between sales performance in subsequent years is 0.25, and if the mean sales for all agents in both years is $100,000 in total revenue (with constant variance), how much revenue would the agent be expected to bring in during her second year? O $50,000 O $87,500 O $100,000 O $55,900 O $67,250
Transcribed Image Text:A sales agent brings in $50,000 in revenue during her first year on the job. If the correlation between sales performance in subsequent years is 0.25, and if the mean sales for all agents in both years is $100,000 in total revenue (with constant variance), how much revenue would the agent be expected to bring in during her second year? O $50,000 O $87,500 O $100,000 O $55,900 O $67,250
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