A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years. (a)Develop a scatter diagram.
(b)Determine the correlation coefficient.
(c)Determine the coefficient of determination.
(d)Determine the least squares trend line.
(e)Determine the predicted value of sales for 2100 employees.

Question

A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years.  (a)Develop a scatter diagram.
(b)Determine the correlation coefficient.
(c)Determine the coefficient of determination.
(d)Determine the least squares trend line.
(e)Determine the predicted value of sales for 2100 employees.

Quizplus · Accepted Answer

The Answer of A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years.  (a)Develop a scatter diagram.
(b)Determine the correlation coefficient.
(c)Determine the coefficient of determination.
(d)Determine the least squares trend line.
(e)Determine the predicted value of sales for 2100 employees.

A Large International Sales Organization Has Collected Data on the Number