Question

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. For the given data calculate the following: X=miles travelled 5 6 12 10 11 15 6 y=sales 31 32 70 61 64 60 45

a) Correlation coefficient

b) Equation of regression line

c) Find the value of sales when they travelled is 7 miles.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A manager wishes to determine the relationship between the number of years the manager's sales representatives...
A manager wishes to determine the relationship between the number of years the manager's sales representatives have been with the company and their average monthly sales (in thousands of dollars). Calculate the linear correlation coefficient. Years with company, x Sales, y 5 34 6 36 13 81 10 65 11 68 18 64 6 51 4 58 14 123
The information below is the number of miles (in hundreds of miles) the manager’s sales representatives...
The information below is 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. ? = 9 ∑ ? = 49 ∑ ? 2 = 363 ∑ ? = 713 ∑ ? 2 = 57803 ∑ ?? = 6324 Calculate coefficient R, and find the equation of the regression line.
A trainer wishes to find out if there is a relationship between the number of miles...
A trainer wishes to find out if there is a relationship between the number of miles walked per week and the weight of a person. The data for the sample are shown: Miles Walked, x: 15 20 3 12 17 8 Weight (lbs.), y: 147 106 210 160 122 165 a) Compute the value of the correlation coefficient. b) Find the equation of the regression line. c) Find y’ (the weight) when x = 11. (Someone walks 11 miles).
A baseball manager wishes to find out if there is a relationship between the number of...
A baseball manager wishes to find out if there is a relationship between the number of homeruns and the number of strikeouts in a season by batters. The data for the sample are shown: Homeruns, x: 23 62 10 51 38 Strikeouts, y: 61 175 40 129 124 a) Compute the value of the correlation coefficient. b) Find the equation of the regression line. c) Find y’ (the number of strikeouts) when x = 28. (someone hits 28 homeruns)
Barclay's manager of Financial Service wants to find out the relationship between the number of client...
Barclay's manager of Financial Service wants to find out the relationship between the number of client contacts and the dollar amount of sales ($ thousands). She recorded the amount of sales ($ thousands) last month from ten randomly selected clients. The results from the Regression are presented below: y^=1.4606x-6.5321;R2=0.735 What are the Independent and Dependent Variables? Independent variable:   Dependent variable:   What is the value of the correlation coefficient? Interpret it. What % of the variation in the amount of sales...
A manager wishes to find out whether there is a relationship between the number of radio...
A manager wishes to find out whether there is a relationship between the number of radio ads aired per week and the amount of sales of a product. The data for the sample follows. # of ads (x) 2 5 8 8 10 12 Sales (y)    $2,000 $4,000 $7,000 $6,000 $9,000 $10,000 If the equation of the regression line is y = a + bx, then the value for "a" is: Round to whole number.  
A manager wishes to find out whether there is a relationship between the number of radio...
A manager wishes to find out whether there is a relationship between the number of radio ads aired per week and the amount of sales (in thousands of dollars) of a product. The data for the sample follow. # of ads, x   2 5 8 8 10 12 Sales, y      $2 $4 $7 $6 $9 $10 1. The alternative hypothesis would be: 2. The test is 2-tailed and the degrees of freedom are 4. True False 3. If α =...
An environmentalist wants to determine the relationship between the number of fires in thousands, and the...
An environmentalist wants to determine the relationship between the number of fires in thousands, and the number of acres burned in hundreds of thousands. Based on the data, decide in the correlation is significant at alpha = 0.05. Number of fires (x) - 73 | 74 | 58 | 48 | 80 | 65 | 54 | 49 Number of acres burned (y) - 64 | 46 | 22 | 23 | 51 | 12 | 29 | 10 Find...
An environmentalist wants to determine the relationship between the number of fires in thousands, and the...
An environmentalist wants to determine the relationship between the number of fires in thousands, and the number of acres burned in hundreds of thousands. Based on the data, decide in the correlation is significant at alpha = 0.05. Number of fires (x) - 73 | 74 | 58 | 48 | 80 | 65 | 54 | 49 Number of acres burned (y) - 64 | 46 | 22 | 23 | 51 | 12 | 29 | 10 Showing...
A store manager wishes to find out whether there is a relationship between the age of...
A store manager wishes to find out whether there is a relationship between the age of her employees and the number of sick days they take each year. The data for the sample follow. Test the hypothesis at α =0.05. Use Table I. Age, x 18 26 39 48 53 58 Days, y 16 12 9 5 6 2 Find the correlation coefficient (r). a. -0.979 b. 0.979 c. 0.911 d. -0.911 he critical values are: a. ±0.811 b. ±0.878...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT