Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The x column indicates the number of client contacts last month and the y column shows the value of sales ($ thousands) last month for each client sampled.
Number of Contacts, X Sales ($ thousands),y Number of Contacts, x Sales ($ thousands),y
14 24 23 30
12 14 48 90
20 28 50 85
16 30 55 120
46 80 50 110
Click here for the Excel Data File
Determine the regression equation. (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round final answers to 2 decimal places.)
r =
Determine the estimated sales if 40 contacts are made. (Do not round intermediate calculations. Round final answers to 2 decimal places.)
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 05:40, Jenan25
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
Business, 22.06.2019 10:30, darius7967
True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.
Answers: 2
Business, 22.06.2019 20:00, hunter3978
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 22.06.2019 20:20, laidbackkiddo412
Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.
Answers: 3
Do you know the correct answer?
Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship...
Questions in other subjects:
History, 05.07.2019 02:30
Mathematics, 05.07.2019 02:30
Health, 05.07.2019 02:30
