Q53.

Question

Use the table that shows the years of experience for eight sales representative and their sales during a given period of time.

years

6

5

3

1

4

3

6

2

Sales 

9000

6000

4000

3000

6000

5000

8000

2000

Predict the sales for a representative with 8 year of experience 

Step-by-Step Solution

Verified
Answer

The sales for a representative with 8 year of experience is 12500 

1Step 1 use the y value of 8

As the prediction equation is determined as 

y=47000x+67 

It gives a relation between the sales and year of experience 

2Step 2 substitute in equation

Put the value of 8 years in the above equation 

8=4x7000+67 

3Step 3 calculation of predicted sales

Now the above equation is rewritten as 

867=4x7000x=12500

Hence, the value of the x is 12500