A corporation owns several companies. The strategic planner for the corporations believes dollars spend on advertising can to some extend be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2017 (S millions). Advertising Sales 12.5 148 3.7 55 21.6 338 60.0 994 37.6 541 6.1 89 16.8 126 41.2 379 i) Based on the output given, develop the equation of the simple linear regression line to predict sales from advertising expenditures using this data. ii) Explain the values of r and r. iii) Predict the sales if the advertising expenditures is 50 ($ millions). iv) Do the data support the existence of a linear relationship between advertising expenditures and sales? Test using a = 0.05.

A corporation owns several companies. The strategic planner for the corporations believes dollars spend on advertising can to some extend be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2017 (S millions). Advertising Sales 12.5 148 3.7 55 21.6 338 60.0 994 37.6 541 6.1 89 16.8 126 41.2 379 i) Based on the output given, develop the equation of the simple linear regression line to predict sales from advertising expenditures using this data. ii) Explain the values of r and r. iii) Predict the sales if the advertising expenditures is 50 ($ millions). iv) Do the data support the existence of a linear relationship between advertising expenditures and sales? Test using a = 0.05.

Name: A corporation owns several companies. The strategic planner for the c
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Description: A corporation owns several companies. The strategic planner for the corporationsbelieves dollars spend on advertising can to some extend be a predictor of totalsales dollars. As an aid in long-term planning, she gathers the following sales andadvert

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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