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a. Compute bi and bo (to 1 decimal). bo Complete the estimated regression equation (to 1 decimal). 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 r between 0 and 1. What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?

a. Compute bi and bo (to 1 decimal). bo Complete the estimated regression equation (to 1 decimal). 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 r between 0 and 1. What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 33EQ
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a. Compute b i and bo (to 1 decimal). bo Complete the estimated regression equation (to 1 decimal). 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 decimats). Note: report r between 0 and 1. What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)? 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 b i and bo (to 1 decimal). bo Complete the estimated regression equation (to 1 decimal). 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 decimats). Note: report r between 0 and 1. What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)? 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)?
Salesperson Years of Experience Annual Sales ($1000s) 85 1 1 3 101 3 93 4 3 98 108 8 107 9. 116 8 10 122 10 11 12 9. 12 115 10 14 134
Transcribed Image Text:Salesperson Years of Experience Annual Sales ($1000s) 85 1 1 3 101 3 93 4 3 98 108 8 107 9. 116 8 10 122 10 11 12 9. 12 115 10 14 134
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