Sales and Experience Narrative

question 144

Essay

Sales and Experience Narrative
The general manager of a chain of furniture stores believes that experience is the most important factor in determining the level of success of a salesperson. To examine this belief, she records last month's sales (in $1000s) and the years of experience of ten randomly selected salespeople. These data are listed below.
-Refer to Sales and Experience Narrative. Determine the standard error of estimate and describe what this statistic tells you about the regression line.