QUESTION TWO [30] An insurance manager believes that the number of new policies written annually by his agents is relate

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Question Two 30 An Insurance Manager Believes That The Number Of New Policies Written Annually By His Agents Is Relate 1 (97.45 KiB) Viewed 41 times

QUESTION TWO [30] An insurance manager believes that the number of new policies written annually by his agents is related to the number of years of selling experience that these agents have. A random sample of 12 agents revealed the data in the table below: Number of years of experience Number of new policies written annually 2 17 5 22 7 34 6 37 12 50 9 41 5 13 20 48 13 39 4 20 10 35 20 63 For the above data: 2.1 (2) ( 2.2 2.3 determine the dependent and the independent variable using appropriate computational formulae find the least-square regression line. Interpret the y-intercepts of regression equation in question 2.2 above Calculate the Pearson's correlation coefficient for the above data interpret the correlation coefficient calculate in question 2.4 above Predict the number of policies written annually by an agent with 3 years of experience. (6) (4) (10) (3) 2.4 2.5 2.6 (5)