(Solved by Humans)-Your manager has just received last month’s sales figures for ten sales representatives. In the...
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Your manager has just received last month’s sales figures for ten sales representatives. In the same file of papers were their mileage expenses. Out of interest he decides to see if there is any relationship between a representative’s volume of sales and mileage claimed. The com- puter printout gives the following information: Correlation coefficient = -0.02 Coefficient of determination = 0.0004 Regression equation for sales and mileage: y= 32 - 0.5x He has asked you to interpret the output for him. Write a brief explanatory note for your manager explaining the output.
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This question was answered on: 10 May, 2025
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