12) Sarah is the office manager for a group of financial advisors who provide fi
ID: 3158030 • Letter: 1
Question
12) Sarah is the office manager for a group of financial advisors who provide financial services for individual clients. She would like to investigate whether a relationship exists between the number of presentations made to prospective clients in a month and the number of new clients per month. The following table shows the number of presentations and corresponding new clients for a random sample of six employees.
Employee
Presentations
New Clients
1
7
2
2
9
3
3
9
4
4
10
3
5
11
5
6
12
3
Sarah would like to use simple regression analysis to estimate the number of new clients per month based on the number of presentations made by the employee per month. The slope for the regression equation is ________.
A) 0.1553
B) 0.3043
C) 0.5987
D) 0.8750
Employee
Presentations
New Clients
1
7
2
2
9
3
3
9
4
4
10
3
5
11
5
6
12
3
Explanation / Answer
Solution : B) 0.3043
The slope for the regression equation is 0.3043
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