statistics

posted by .

A manager wishes to determine the relationship between the number of miles (in hundreds of miles) the manager's sales representatives travel per month and the amount of sales (in thousands of dollars) per month. Find the equation of the regression line for the given data. Predict the value of sales when the sales representative travel 8 miles. Predict the value of sales when the sales representative traveled 11 miles.

Miles traveled x: 2,3,10,7,8,15,3,1,11
sales y: 31,33,78,62,65,61,48,55,120

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. statistics

    a sales manager used linear regression to find the positive linear relationship between advertising expenditures and sales. The amount of advertising expenditures used to generate the regression equation ranged from $8,000 to $45,000. …
  2. statistics

    Distance travelled in a week by sales staff employed by nationwide security firm is approximately normally distributed with a mean of 200 miles and standard deviation of 48 miles. Estimate the percentage of staff who in a week travel: …
  3. Statistics

    Distance travelled in a week by sales staff employed by nationwide security firm is approximately normally distributed with a mean of 200 miles and standard deviation of 48 miles. Estimate the percentage of staff who in a week travel: …
  4. managerial accounting

    . (TCO 4) Paschal’s Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.38. This means that the contribution margin ratio is 62 percent. (a) What is the break-even …
  5. statistics

    a company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall popualtion of sales people at this national company …
  6. Psychology

    1. A company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall population of sales people at this national company …
  7. Statistics

    1. A company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall population of sales people at this national company …
  8. statistics

    1. A company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall population of sales people at this national company …
  9. statistics

    The distance travelled in a week by sales staff employed by a nationwide security firm is approximately normally distributed with a mean of 200 miles and standard deviation of 48 miles. a) less than 80 miles, b) more than 250 miles, …
  10. math

    a company's monthly sales, in thousands, is given by s(x,y)=9x^.8y^.5. where x is the amount spent on newspaper advertising per month in thousands of dollars and y is the amount spent on radio advertising per month in thousands of …

More Similar Questions