Data is collected from 20 sales people in order to verify that the more contacts made with potential
Clients, the greater the sales volume. The MegaStat printout is shown below.
Analyzing this printout we can determine:
A) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.05 level of significance.
B) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.01 level of significance.
C) the p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance.
D) for each extra contact made, sales can be anticipated at approximately $1,113.
E) the value of t indicates that the coefficient of correlation is greater than zero at both the 0.05 and 0.01 levels of significance. The p-value indicates that the coefficient of correlation
Correct Answer:
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Q130: When comparing the 95% confidence and prediction
Q131: The partial MegaStat output below is regression
Q132: Data is collected from 20 sales people
Q133: Consider the following scatter plot and regression
Q134: Data is collected from 20 sales people
Q136: Data is collected from 20 sales people
Q137: The partial megastat output below is regression
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Q139: Given the following five points: (-2,0), (-1,0),
Q140: i. Trying to predict weekly sales with
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