Homework SourseA sales manager for an advertising agency believes that ther
A sales manager for an advertising agency believes that there is a relationship between the number of contacts that a sales person makes and the amount of the sales dollars earned.
A regression analysis shows the following results:
What is the regression equation?
| Coefficients | Standard Error | t Stat | P-value | |
| Intercept | -15.250 | 6.560 | -1.860 | 0.100 |
| Number of Contacts | 2.545 | 0.176 | 12.505 | 0.000 |
Solution
The regression equation is:
y^=-15.250+2.545X
