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Author Question: A company keeps extensive records on its new salespeople on the premise that sales should increase ... (Read 57 times)

magmichele12

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on: Feb 14, 2020

Question 1

True or False.

The Method of Least Squares specifies that the regression line has an average error of 0 and has an SSE that is minimized.
◦ True
◦ False

Question 2

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.



Summary statistics yield SSxx = 94.8571, SSxy = 124.7571, SSyy = 176.5171, = 5.8571, and = 7.4571. State the assumptions necessary for predicting the monthly sales based on the linear relationship with the months on the job.
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by magmichele12 on Feb 14, 2020

heinisk01

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Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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magmichele12

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Reply 2 on: Feb 14, 2020
Great answer, keep it coming :)

AmberC1996

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Reply 3 on: Yesterday
Excellent

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