A study was made by a merchant to determine the relation between advertising expenditures and sales. Table 1 shows the recorded data. Table: 1 Lists the Advertising expenditure (thousand dollars) and Sales (million dollars) 290 Advertising expenditure (x) Sales (y) 250 215 8 330 370 410 8 9 10 (i) Construct the scatter diagram between sales and advertising expenditures. (ii) Compute the correlation coefficient between sales and advertising expenditures. (iii) Interpret the correlation coefficient between sales and advertising expenditures. (iv) Compute the coefficient of determination between sales and advertising expenditures. (v) Interpret, in context, the coefficient of determination.
A study was made by a merchant to determine the relation between advertising expenditures and sales. Table 1 shows the recorded data. Table: 1 Lists the Advertising expenditure (thousand dollars) and Sales (million dollars) 290 Advertising expenditure (x) Sales (y) 250 215 8 330 370 410 8 9 10 (i) Construct the scatter diagram between sales and advertising expenditures. (ii) Compute the correlation coefficient between sales and advertising expenditures. (iii) Interpret the correlation coefficient between sales and advertising expenditures. (iv) Compute the coefficient of determination between sales and advertising expenditures. (v) Interpret, in context, the coefficient of determination.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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