A small business is trying to determine the effect of a social media marketing campaign on sales. The plot below shows the relationship between the social media advertising costs and sales revenue. The linear regression output is shown beloW. 150000 Regression Statistics Multiple R R Square 100000 0.627615 0.393901 Adjusted R Square 0.372254 50000 Standard Error 22633.47 Observations 30 10000 15000 20000 25000 Social media advertising costs (in dollars) R= Ex: 0.654321 What is the correlation between advertising costs and sales revenue? Pick v correlation

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A small business is trying to determine the effect of a social media marketing campaign on sales. The plot below
shows the relationship between the social media advertising costs and sales revenue. The linear regression output
is shown below.
150000
Regression Statistics
100000
Multiple R
0.627615
R Square
0.393901
Adjusted R Square 0.372254
50000
Standard Error
22633.47
Observations
30
10000
15000
20000
25000
Social media advertising costs (in dollars)
R = Ex: 0.654321
What is the correlation between advertising costs and sales revenue?
Pick
correlation
Sales revenue (in dollars)
Transcribed Image Text:A small business is trying to determine the effect of a social media marketing campaign on sales. The plot below shows the relationship between the social media advertising costs and sales revenue. The linear regression output is shown below. 150000 Regression Statistics 100000 Multiple R 0.627615 R Square 0.393901 Adjusted R Square 0.372254 50000 Standard Error 22633.47 Observations 30 10000 15000 20000 25000 Social media advertising costs (in dollars) R = Ex: 0.654321 What is the correlation between advertising costs and sales revenue? Pick correlation Sales revenue (in dollars)
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