Share
Explore BrainMass

Standard Error of Estimate and Predictions Regarding Sales

A. Determine the standard error of estimate.
B. Suppose a large sample is selected (instead of just 10). About 95 percent of the predictions regarding sales would occur between what two values?

Exercise 14:

Number of Sales Number of Sales
Contacts, ($ thousands), Contacts, ($ thousands),

X Y X Y
14 24 23 30
12 14 48 90
20 28 50 85
16 30 55 120
46 80 50 110

Solution Summary

This solution provides answers in Excel for standard error of estimate and predictions regarding sales.

$2.19