poyserp3994
Aug 30, 2010, 06:51 AM
Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales ($ thousands) last month for each client sampled.
Number of
Contacts,
X
14
12
20
16
46
Sales,
($ Thousands),
Y
24
14
28
30
80
Number of
Contacts,
X
23
48
50
55
50
Sales,
($ Thousands),
Y
30
90
85
120
110
Determine the regression equation.
Determine the estimated sales if 40 contacts are made.
Number of
Contacts,
X
14
12
20
16
46
Sales,
($ Thousands),
Y
24
14
28
30
80
Number of
Contacts,
X
23
48
50
55
50
Sales,
($ Thousands),
Y
30
90
85
120
110
Determine the regression equation.
Determine the estimated sales if 40 contacts are made.