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Mathematics, 24.06.2020 18:01 ldkruger19

A firm that operates aâ large, direct-to-consumer sales force would like to put in place a system to monitor the progress of new agents. A key task for agents is to open newâ accounts; an account is a new customer to the business. The goal is to identifyâ "superstar agents" as rapidly asâ possible, offer themâ incentives, and keep them with the company. To build such aâ system, the firm has been monitoring sales of new agents over the past two years. The response of interest is the profit to the firmâ (in dollars) of contracts sold by agents over their first year. Among the possible predictors of this performance is the number of new accounts developed by the agent during the first three months of work. Formulate the SRM with Y given by the natural log of Profit from Sales and X given by the natural log of Number of Accounts. Profit from Sales Number of Accounts

23248.39 46
35347.43 10
27384.29 83
19946.44 7
8201.63 12
35757.84 16
19386.39 10
39931.42 22
18165.13 16
17813.03 15
16141.71 14
33833.27 23
35746.25 33
17043.17 19
25808.56 28
25910.96 72
33035.56 21
10157.41 13
59928.04 48
30807.71 13
25407.95 18
4508.742 2
40696.58 37
18013.02 6
14866.23 10
35936.01 31
12825.21 7
48987.22 25
33015.75 26
32611.79 42

Required:
If a sales representative opens 150 âaccounts, what level of sales would you predict for thisâ individual?

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Answers: 3

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