A company collected data on its sales revenue and advertising expenditures for its first eight years in business with the results shown. (Units are in millions of dollars). What is the proportion of variability in sales that is explained by the level of advertising expenditures? 1.6 2.0 2.0 2.2 2.4 2.6 advertising (r) sales (y) 1.4 1.6 180 184 190 220 186 215 205 240 I= 1.975 j 202.5 SS. = 1.235 SS.y 51.9 SSyy 3152

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
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A company collected data on its sales revenue and advertising expenditures for its first eight years in
business with the results shown. (Units are in millions of dollars). What is the proportion of
variability in sales that is explained by the level of advertising expenditures?
1.4
1.6
1.6
2.0
2.0
2.2
2.4
2.6
advertising (x)
sales (y)
180
184
190
220
186
215
205
240
202.5
SS..= 1.235 SS.,= 51.9 SS, = 3152
I= 1.975
0.692
O 0.832
O 1.0
O 0.016
Transcribed Image Text:A company collected data on its sales revenue and advertising expenditures for its first eight years in business with the results shown. (Units are in millions of dollars). What is the proportion of variability in sales that is explained by the level of advertising expenditures? 1.4 1.6 1.6 2.0 2.0 2.2 2.4 2.6 advertising (x) sales (y) 180 184 190 220 186 215 205 240 202.5 SS..= 1.235 SS.,= 51.9 SS, = 3152 I= 1.975 0.692 O 0.832 O 1.0 O 0.016
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