Sales and Experience Narrative
The general manager of a chain of furniture stores believes that experience is the most important factor in determining the level of success of a salesperson. To examine this belief, she records last month's sales (in $1000s) and the years of experience of ten randomly selected salespeople. These data are listed below.
-Refer to Sales and Experience Narrative. Conduct a test of the population slope to determine at the 5% significance level whether a linear relationship exists between years of experience and sales.

Question

Sales and Experience Narrative
The general manager of a chain of furniture stores believes that experience is the most important factor in determining the level of success of a salesperson. To examine this belief, she records last month's sales (in $1000s) and the years of experience of ten randomly selected salespeople. These data are listed below. 
-Refer to Sales and Experience Narrative. Conduct a test of the population slope to determine at the 5% significance level whether a linear relationship exists between years of experience and sales.

Quizplus · Accepted Answer

The Answer of Sales and Experience Narrative
The general manager of a chain of furniture stores believes that experience is the most important factor in determining the level of success of a salesperson. To examine this belief, she records last month's sales (in $1000s) and the years of experience of ten randomly selected salespeople. These data are listed below. 
-Refer to Sales and Experience Narrative. Conduct a test of the population slope to determine at the 5% significance level whether a linear relationship exists between years of experience and sales.