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Sales Person Years of Experience Annual Sales ($1000)
1 3 84
2 3 95
3 3 92
4 4 100
5 6 101
6 9 109
7 11 115
8 9 118
9 12 122
10 12 134
a) Compute b1 and b0 (to 1 decimal).
b) Complete the estimated regression equation (to 1 decimal).
c) According to this model, what is the change in annual sales ($1000s) for every year of experience (to 1 decimal)?
d) Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1.
e) What percentage of the variation in annual sales ($1000s) can be explained by the years of experience of the salesperson (to 1 decimal)?
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