Question

Afirm that operates a large, direct-to-consumer sales force would like to implement a system to monitor the progress of new a
(b) Estimate the least squares linear equation for Profit from Sales on Number of Accounts. Interpret the fitted intercept an
What is the correct interpretation of the intercept? Select the correct choice below and fill in the answer box to complete y
What is the correct interpretation of the slope? Select the correct choice below and fill in the answer box to complete your
(c) Interpret and se associated with the fitted equation. Attach units to these summary statistics as appropriate. 2= with (R
Se with (Round to two decimal places as needed.)
and se? Select the correct choice below and fill in the answer What is the correct interpretation of the summary values boxes
(d) Based on the equation fit in part (b), what is the gain in profit to the firm of getting agents to open 22 additional acc
(f) Exclude the data for agents who open 20 or fewer accounts in the first 3 months. Does the fit of the least squares line c
Number of Data Tablets Number of Accounts 21 18 37 41 18 35 41 Profit from Sales ($) 9232.93 18762.13 22865.68 11633.12 18140

Number_Of_Accounts Profit_From_Sales_($)
21 9232.93
18 18762.13
37 22865.68
15 11633.12
32 18140.04
41 32943.84
26 29576.92
18 19703.92
35 25807.72
41 31237.05
10 3253.59
6 15075.03
24 14574.02
12 12445.49
9 12723.51
9 14512.76
10 21364.92
28 28498.28
7 9050.42
28 8610.41
11 10294.72
11 9929.32
5 9895.91
12 3856.93
18 15990.73
48 30129.54
38 31284.61
13 21861.74
6 16140.46
24 12031.41
15 16484.17
7 19620.39
25 16535.41
32 35548.76
22 22145.01
26 28670.93

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Answer #1

40000 35000 30000 Profit from Sales 10000 5000 HHHHHHHHHHHHHHHHHHHHHHHH 0 10 20 30 40 50 60 Number of Accounts Correct AnswerEXCEL (Mega Stat in Add-Ins) procedure: Step 1: Choose Mega Stat > Correlation/Regression > Regression Analysis Step 2: SelecRegression Analysis 20.497 r 0.705 Std. Error 6140.239 n 36 k 1 Dep. Var. Profit from Sales ANOVA table Source SS RegressionSe=6140.24 with no units. B. The value of r2 means that the equation describes about 49.73% of the variation. The value of s,EXCEL ( Mega Stat in Add-Ins) procedure: Step 1: Choose Mega Stat > Correlation Regression > Regression Analysis. Step 2: Sel

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