Business
Business, 10.11.2019 20:31, naenae6775

How can you estimate the total sales volume you can expect in your location?
by projecting the number of anticipated sales on an annual basis
by researching information about your local industry
by hiring an accountant
by reviewing sales figures at the chamber of commerce

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Business, 10.10.2019 15:30, mehokkj
If the number of people working is 2 standard deviations above the mean, how many standard deviations above do you expect sales to be? what value of sales would that correspond to? if the number of people working is 1 standard deviation below the mean, how many standard deviations above or below the mean do you expect sales to be? what value of sales does that correspond to? find the slope estimate of b1. what does b1 mean, in this context? find the intercept b0. what does b0 mean, in this context? write the equation that predicts sales from number of sales people working if 17 people are working, what sales do you predict? if sales are actually $26,000, what is the value of the residual? have the sales been overestimated or underestimated? calculate the residuals for the data set. what are the units of the residuals? create a residual plot. which (if any) of the conditions are violated. (linearity, outlier, equal spread) what is the value of r2 what does this value of r2 mean?
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