A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on theemployee's number of years of sales experience. The...

A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on theemployee's number of years of sales experience. The accompanying regression output was developed based on a random sample of employees.

a. Predict the sales next month for an employee with 2.5 years of experience.

The predicted sales is

8.6 cars.

b. Compute the coefficient of determination and interpret its meaning.

The coefficient of determination is

0.234

Therefore, about _________% of the variation in monthly sales is explained by the years of sales experience.

(Type an integer or decimal rounded to one decimal place as needed.)

Jun 06, 2022

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A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on theemployee's number of years of sales experience. The...

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A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the​employee's number of years of sales experience. The...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment

A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on theemployee's number of years of sales experience. The...