A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is ý = 80 + 4x. %3D Years of Experience Annual Sales Salesperson ($1,000s) 1 80 2 97 3 4 97 4 4. 102 5 103 8 101 7 10 119 10 118 11 127 10 13 136 (a) Compute the residuals. Years of Experience Annual Sales Residuals ($1,000s) 1 80 97 4 97 4 102 6 103 8 101 10 119 10 118 11 127 13 136

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...
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Construct a residual plot.
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Years of Experience
Years of Experience
Years of Experience
Years of Experience
(b) Do the assumptions about the error terms seem reasonable in light of the residual plot?
O The plot suggests curvature in the residuals indicating that the error term assumptions appear reasonable.
O The plot suggests a funnel pattern in the residuals indicating that the error term assumptions appear reasonable.
O The plot suggests a generally horizontal band of residual points indicating that the error term assumptions appear reasonable.
O The plot suggests a funnel pattern in the residuals indicating that the error term assumptions do not appear reasonable.
O The plot suggests a generally horizontal band of residual points indicating that the error term assumptions do not appear reasonable.
Transcribed Image Text:Construct a residual plot. 16- 16 16 16 12 12 12 12 8. 8- 8- 8 - 4 4 4 4 -4 -4 -4 -4 -8 -8 -8 -8+ -12 -12 - 12 - 12 - - 16 -16 0 2 -16 -16 4 6 8 10 12 14 4 6. 8 10 12 14 2 4 6 8 10 12 14 0 2 4 8 10 12 14 Years of Experience Years of Experience Years of Experience Years of Experience (b) Do the assumptions about the error terms seem reasonable in light of the residual plot? O The plot suggests curvature in the residuals indicating that the error term assumptions appear reasonable. O The plot suggests a funnel pattern in the residuals indicating that the error term assumptions appear reasonable. O The plot suggests a generally horizontal band of residual points indicating that the error term assumptions appear reasonable. O The plot suggests a funnel pattern in the residuals indicating that the error term assumptions do not appear reasonable. O The plot suggests a generally horizontal band of residual points indicating that the error term assumptions do not appear reasonable.
A sales manaqger collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is ý = 80 + 4x.
Years of
Annual Sales
Salesperson
Experience
($1,000s)
1
1
80
2
3
97
3
4
97
4
102
103
101
7
10
119
8
10
118
9
11
127
10
13
136
(a) Compute the residuals.
Years of
Annual Sales
Residuals
Experience
($1,000s)
1
80
3
97
4
97
4
102
103
8
101
10
119
10
118
11
127
13
136
Transcribed Image Text:A sales manaqger collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is ý = 80 + 4x. Years of Annual Sales Salesperson Experience ($1,000s) 1 1 80 2 3 97 3 4 97 4 102 103 101 7 10 119 8 10 118 9 11 127 10 13 136 (a) Compute the residuals. Years of Annual Sales Residuals Experience ($1,000s) 1 80 3 97 4 97 4 102 103 8 101 10 119 10 118 11 127 13 136
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