A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years. (a) Develop a scatter diagram.
(b) Determine the correlation coefficient.
(c) Determine the coefficient of determination.
(d) Determine the least squares trend line.
(e) Determine the predicted value of sales for 2100 employees.

Question

A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years.  (a) Develop a scatter diagram.
(b) Determine the correlation coefficient.
(c) Determine the coefficient of determination.
(d) Determine the least squares trend line.
(e) Determine the predicted value of sales for 2100 employees.

Quizplus · Accepted Answer

The Answer of A large international sales organization has collected data on the number of employees and the annual gross sales during the last 7 years.  (a) Develop a scatter diagram.
(b) Determine the correlation coefficient.
(c) Determine the coefficient of determination.
(d) Determine the least squares trend line.
(e) Determine the predicted value of sales for 2100 employees.

A Large International Sales Organization Has Collected Data on the Number