Buss Stat

Buss StatQ1. The general manager of a telemarketing company believes that experience is the most important factor in determining the level of success of a telemarketer. To examine this belief she records last month?s sales (in $1,000s) and the years of experience of 10 randomly selected telemarketers. These data are listed below.Telemarketer Years of Experience Sales 1 0 7 2 2 9 3 10 20 4 3 15 5 8 18 6 5 14 7 12 20 8 7 17 9 20 30 10 15 251. Use the regression equation to determine the predicted values of y .2. Use the predicted and actual values of y to calculate the residuals.3. Plot the residuals against the predicted values of y . What does the graph tell you?4. Compute the standardized residuals.5. Identify possible outliers.Q2. A professor of economics wants to study the relationship between income (y in $1000s) and education ( x in years). A random sample eight individuals is taken and the results are shown below.Education 16 11 15 8 12 10 13 14 Income 58 40 55 35 43 41 52 49? Find the regression line and i nterpret the value of the slope of the regression line.PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :

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