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Write the Word or Phrase That Best Completes Each Statement

Question 128

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Write the word or phrase that best completes each statement or answers the question.
-A company keeps extensive records on its new salespeople on the premise that sales should increase with experience. A random sample of seven new salespeople produced the data on experience and sales shown in the table.
 Months on Job  Monthly Sales  y ($ thousands) 22.447.0811.31215.010.853.7912.0\begin{array}{c|c}\text { Months on Job } & \begin{array}{c}\text { Monthly Sales } \\\text { y (\$ thousands) }\end{array} \\\hline 2 & 2.4 \\4 & 7.0 \\8 & 11.3 \\12 & 15.0 \\1 & 0.8 \\5 & 3.7 \\9 & 12.0\end{array}

Summary statistics yield SSxx=94.8571,SSxy=124.7571,SSyy=176.5171,x=5.8571\mathrm { SS } _ { \mathrm { xx } } = 94.8571 , \mathrm { SS } _ { \mathrm { xy } } = 124.7571 , \mathrm { SS } _ { \mathrm { yy } } = 176.5171 , \overline { \mathrm { x } } = 5.8571 , and y=7.4571\overline { \mathrm { y } } = 7.4571 . Find and interpret the coefficient of determination.

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