Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationsh
Question: 2. Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales ($ thousands) last month for each client sampled.
Note That this table is the format that Excel likes.
Number of Sales | |
Contacts | $ Thousands |
X | Y |
14 | 24 |
23 | 30 |
12 | 14 |
48 | 90 |
20 | 28 |
50 | 85 |
16 | 30 |
55 | 120 |
46 | 80 |
50 | 110 |
a. Determine the regression equation, showing both the “a” and “b” values.
b. Determine the estimated sales if 40 contacts are made.
Price: $2.99
See Answer: The answer consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document