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Ten Experiments were done to find the effects of bonus rates paid to the sales team. What is the line of best fit through the following results? How good is the fit?
%Bonus 0, 1, 2, 3, 4, 5, 6, 7, 8, 9
Sales('00s) 3, 4, 8, 10, 15, 18, 20, 22, 27, 28
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Solution Summary
The expert examines goodness of fit models for a statistics graph. The line of best fit which results from the table is determined. A Complete, Neat and Step-by-step Solution is provided in the attached Excel file.
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