A manager wishes to determine the relationship between the number of miles (in hundreds of miles)...
A manager wishes to determine the relationship between the number of miles (in hundreds of miles) the manager's sales representatives travel per month and the amount of sales (in thousands of dollars) per month. Find the standard error of estimate, se, given that y=3.53x + 37.92
Miles traveled, x= 2, 3, 10, 7, 8, 15, 3, 1, 11
Sales, y= 31, 33, 78, 62, 65, 61, 48, 55, 120
Group of answer choices
5.122
10.569
22.062
15.951
Homework Answers
Solution:
y=3.53x + 37.92
From given Data, Using Regression analysis using Excel ,
Standard error = 22.062
Answer:
22.062
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A manager wishes to determine the relationship between the
number of miles (in hundreds of miles)...
A manager wishes to determine the relationship between the number of miles (in hundreds of miles)...
A manager wishes to determine the relationship between the number of miles (in hundreds of miles) the manager's sales representatives travel per month and the amount of sales (in thousands of dollars) per month. Find the test statistic. Miles traveled, x= 2, 3, 10, 7, 8, 15, 3, 1, 11 Sales, y= 31, 33, 78, 62, 65, 61, 48, 55, 120 Group of answer choices 1.89 22.062 2.16 .632
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with the company and their average monthly sales. The table shows
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their average monthly sales (in thousands of dollars).
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