The Cody Company ran a study of its sales force and learned that the average number of years experience for each sales teams was in direct relation to annual sales volume.
Use the data below to answer.
Annual Sales (in thousands):
46, 35, 51, 42, 33, 50, 30
Average Years of Experience:
6 , 4, 8, 5.5, 3, 7, 2.5
1.) Find a prediction equation to show how years of experience and annual sales are related.
2.) How many years of experience would be needed for sales to hit 70,000?
Use the data below to answer.
Annual Sales (in thousands):
46, 35, 51, 42, 33, 50, 30
Average Years of Experience:
6 , 4, 8, 5.5, 3, 7, 2.5
1.) Find a prediction equation to show how years of experience and annual sales are related.
2.) How many years of experience would be needed for sales to hit 70,000?