Question

The table below contains the information on the monthly salaries and sales for one company's sales...

The table below contains the information on the monthly salaries and sales for one company's sales team.

Mark John Jenny Mat Will
Monthly salary 3800 5200 5900 4400 5500
Monthly Sales 10400 12500 13100 11500 11800

Using monthly salary as the independent variable,

  1. a) Develop the estimated regression equation.
  2. b) If a person were to have a monthly salary of 6 000€, what would you estimate their monthly sales to be?
Math   Statistics-And-Probability   
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Answer #1

so when the monthly salary is 6000 , then the sales will be 13004.427

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