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Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship

Question: 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.

Number of Contacts, X Sales ($ thousands), Y Number of Contacts, X Sales ($ thousands), Y
14 24 23 30
12 14 48 90
20 28 50 85
16 30 55 120
46 80 50 110

A. Determine the standard error of estimate.

B. Suppose a large sample is selected (instead of just 10). About 95 percent of the predictions regarding sales would occur between what two values?

Price: $2.99
Solution: The solution consists of 2 pages
Deliverables: Word Document


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