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Complete the following table. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Predictor Coefficient SE Coefficient t p-value Constant Calls Miles X1X2 Compute the value of the test statistic corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Value of the test statistic At the 0.05 significance level is there a significant interaction between the number of sales calls and the miles driven? This is so we conclude that there is

Complete the following table. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Predictor Coefficient SE Coefficient t p-value Constant Calls Miles X1X2 Compute the value of the test statistic corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Value of the test statistic At the 0.05 significance level is there a significant interaction between the number of sales calls and the miles driven? This is so we conclude that there is

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 28PPS
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Cincinnati Paint Company sells quality brands of paints through hardware stores throughout the United States. The company maintains a large sales force who call on existing customers and look for new business. The national sales manager is investigating the relationship between the number of sales calls made and the miles driven by the sales representative. Also, do the sales representatives who drive the most miles and make the most calls necessarily earn the most in sales commissions? To investigate, the vice president of sales selected a sample of 25 sales representatives and determined: The amount earned in commissions last month (y) The number of miles driven last month (x1) • The number of sales calls made last month (x2) The information is reported below. Commissions Commissions ( $000) Calls Driven ($000) Calls Driven 22 139 2,371 2,226 2,731 3,351 2,289 3,449 3,114 3,342 2,842 2,625 2,121 2,219 3,463 38 146 3,290 3,103 2,122 2,791 3,209 2,287 2,848 2,690 2,933 2,671 2,988 2,829 13 132 44 144 33 144 29 147 38 142 38 144 142 37 149 47 142 14 131 29 138 34 144 38 139 25 132 41 144 27 132 32 134 25 127 20 135 43 154 13 137 34 147 47 146 Click here for the Excel Data File Develop a regression equation including an interaction term. (Negative amount should be indicated by a minus sign. Round your answers to 3 decimal places.) m N N M S m N
Transcribed Image Text:Cincinnati Paint Company sells quality brands of paints through hardware stores throughout the United States. The company maintains a large sales force who call on existing customers and look for new business. The national sales manager is investigating the relationship between the number of sales calls made and the miles driven by the sales representative. Also, do the sales representatives who drive the most miles and make the most calls necessarily earn the most in sales commissions? To investigate, the vice president of sales selected a sample of 25 sales representatives and determined: The amount earned in commissions last month (y) The number of miles driven last month (x1) • The number of sales calls made last month (x2) The information is reported below. Commissions Commissions ( $000) Calls Driven ($000) Calls Driven 22 139 2,371 2,226 2,731 3,351 2,289 3,449 3,114 3,342 2,842 2,625 2,121 2,219 3,463 38 146 3,290 3,103 2,122 2,791 3,209 2,287 2,848 2,690 2,933 2,671 2,988 2,829 13 132 44 144 33 144 29 147 38 142 38 144 142 37 149 47 142 14 131 29 138 34 144 38 139 25 132 41 144 27 132 32 134 25 127 20 135 43 154 13 137 34 147 47 146 Click here for the Excel Data File Develop a regression equation including an interaction term. (Negative amount should be indicated by a minus sign. Round your answers to 3 decimal places.) m N N M S m N
Commissions = Calls + Miles + x1x2 Complete the following table. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Predictor Coefficient SE Coefficient t p-value Constant Calls Miles X1X2 Compute the value of the test statistic corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Value of the test statistic At the 0.05 significance level is there a significant interaction between the number of sales calls and the miles driven? This is so we conclude that there is
Transcribed Image Text:Commissions = Calls + Miles + x1x2 Complete the following table. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Predictor Coefficient SE Coefficient t p-value Constant Calls Miles X1X2 Compute the value of the test statistic corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Value of the test statistic At the 0.05 significance level is there a significant interaction between the number of sales calls and the miles driven? This is so we conclude that there is
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