(Answered) Mr james mcwhinney president of daniel-james financial

Statistics

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.

c. Determine the standard error of estimate.

d. Suppose a large sample is selected (instead of just 10). About 95 percent of the predictions regarding sales would occur between what two values?

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