a. Develop a scatter diagram for these data with years of experience as the independent variable. b. Develop an estimated regression equation that can be used to predict annual sales given the years of experience. c. Use the estimated regression equation to predict annual sales for a salesperson with 9 years of experience.

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a. Develop a scatter diagram for these
data with years of experience as the
independent variable.
b. Develop an estimated regression
equation that can be used to predict
annual sales given the years of
experience.
c. Use the estimated regression equation
to predict annual sales for a salesperson
with 9 years of experience.
Transcribed Image Text:a. Develop a scatter diagram for these data with years of experience as the independent variable. b. Develop an estimated regression equation that can be used to predict annual sales given the years of experience. c. Use the estimated regression equation to predict annual sales for a salesperson with 9 years of experience.
A sales manager collected the following data
on annual sales for new customer accounts
and the number of years of experience for a
sample of 10 salespersons.
Years of
Annual Sales
Salesperson
Experience
($1000s)
1
1
80
2
3
97
3
4
92
4
4
102
103
8.
111
7
10
119
8
10
123
9.
11
117
10
13
136
Transcribed Image Text:A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample of 10 salespersons. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 97 3 4 92 4 4 102 103 8. 111 7 10 119 8 10 123 9. 11 117 10 13 136
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