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Consider the following to answer the question(s) below:
A sales manager was interested in determining if there is a relationship between college GPA and sales performance among salespeople hired within the last year. A sample of recently hired salespeople was selected and the number of units each sold last month was recorded. Relevant data appear in the table below.
Below are the scatterplot, regression results, and residual plots for these data.
-Are the assumptions/conditions for regression and inference satisfied? Explain.
Concrete Evidence
Concrete evidence refers to tangible, specific proof that leaves little room for doubt or questioning in the context it is presented.
Value Judgment
An assessment that reflects personal beliefs or opinions about the worth, desirability, or importance of something.
Cultural Norm
Shared behaviors, values, or beliefs that are considered acceptable or standard within a specific culture.
Conventional Wisdom
A widely accepted belief or opinion that may not always be based on fact or thorough knowledge.
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