Question

A statistical program is recommended. A sales manager collected the following data on x = years...

A statistical program is recommended.

A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is

ŷ = 80 + 4x.

Salesperson Years of
Experience
Annual Sales
($1,000s)
1 1 80
2 3 97
3 4 92
4 4 102
5 6 103
6 8 111
7 10 119
8 10 123
9 11 117
10 13 136

A) Compute the residuals.

Years of
Experience
Annual Sales
($1,000s)
Residuals
1 80
3 97
4 92
4 102
6 103
8 111
10 119
10 123
11 117
13 136

Homework Answers

Answer #1

I have calculated residuals by using above formula.

I tried my best please like ☺️

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