The following table shows the number of cars sold last month bysix dealers at Centreville Nissan dealership and their number ofyears of sales experience.
Years of Experience | Sales |
1 | 7 |
2 | 9 |
2 | 9 |
4 | 8 |
5 | 14 |
8 | 14 |
A: Management would like to use simple regression analysis toestimate monthly car sales using the number of years of salesexperience. Estimate and interpret the following: a) RegressionEquation, b) Slope, c) y-intercept.
B: what happens when years increase by 1?
C What is the predicted salary for someone with 4 years ofhigher education.