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 sampled. Number of Contacts,x Sales ($ thousands),y14 24 23 30 12 14 48 90 20 28 50 85 16 30 55 120 46 80 50 110 Determine the regression equation.

With these we can find the sums:

And the slope would be:

Nowe we can find the means for x and y like this:

And we can find the intercept using this:

So the line would be given by:

Step-by-step explanation:

The data given on this case is:

x: 14,12,20,16,46,23,48,50,55,50

y: 24,24,28,30,80,30,90,85,120,110

For this case we need to calculate the slope with the following formula:

Where:

So we can find the sums like this:

With these we can find the sums:

And the slope would be:

Nowe we can find the means for x and y like this:

And we can find the intercept using this:

So the line would be given by: