Answer:
Your answer is
$5 after 3.75 miles
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expenses is greater in Jan and Feb
Jan −85.6 Loss
Feb −162.44 Loss
Mar 0
June 306.77 Gain
July 301.5 Gain
Aug 337.88 Gain
Answer:
Kindly check explanation
Step-by-step explanation:
Given :
Years of experience (X) :
1
3
3
5
7
8
10
10
12
12
Annual sales (Y) :
85
97
95
97
105
106
122
120
113
134
The estimated regression equation obtained is :
y = b0 + b1x
b0 = 82.82967
b1 = 3.46061
ŷ = 3.46061X + 82.82967
The change in annual sales for every year of experience is given by the slope value, b1 = 3.46061 = 3.5 (1 decimal place)
The Coefficient of determination R² = 0.8477 = 0.848 ( 3 decimal place).
The Coefficient of determination gives the proportion of explained variance.
About 84.8% percent variation in annual sales can be explained by years of experience of the sales person.
Using the regression equation :
ŷ = 3.46061X + 82.82967
Years of experience, x = 8
ŷ = 3.46061(8) + 82.82967 = 110.514
111 = (to the nearest whole number)
