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QUESTION
=Annual Sales Indep.=# Salespeople SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error 38.8579 Observations...
A regression model relating the number of salespersons at a branch office to annual sales at the office (in $1000) provided the following regression Excel output. The least squares method determined the values of b0 and b1 that minimized this sum. What is the resulting value?
Dep.=Annual SalesIndep.=# SalespeopleSUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted R SquareStandard Error38.8579Observations11.0000ANOVAofSSMSFSignificance FRegressionResidualTotal342,754.1818CoefficientsStandard Error1 StatP-valueLower 95%Upper 95%Intercept89.114446.22121.92800.0859-15.4452193.6739# Salespeople49.06580.0000