. 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 a. Determine the regression equation. b. Determine the estimated sales if 40 contacts are made

. 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 a. Determine the regression equation. b. Determine the estimated sales if 40 contacts are made

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter7: Applying Fractions

Section7.5: Percents

Problem 13WE

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Question

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

a. Determine the regression equation.
b. Determine the estimated sales if 40 contacts are made