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A company keeps extensive records on its new salespeople on the ...

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A company keeps extensive records on its new salespeople on the premise that sales should increase with experience. A random sample of seven new salespeople produced the data on experience and sales shown in the table.

Summary statistics yield SS_xx = 94.8571, SS_xy = 124.7571, SS_yy = 176.5171,

= 5.8571, and

= 7.4571. Find and interpret the coefficient of determination. Round R² to the nearest hundredth of a percent.

Textbook

Statistics: Informed Decisions Using Data

Edition: 5^th

Author: Sullivan

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