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    Determine the regression equation.

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    Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship
    between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales ($ thousands) last month for each client samples

    a. Determine the regression equation.
    b. Determine the estimated sales if 40 contacts are made.

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    Use Excel, we get the attached table. We get the ...

    Solution Summary

    In this solution, the expert creates an excel table (shown) to determine the regression equation of a case study. The expert also shows how to find the estimated sales when changing the variable of product being produced.