A study was made by a retail merchant to determine the relation between weekly advertising expenditures and sales. Sales ($) Advertising cost ($) 40 380 20 410 24 395 18 360 32 480 48 430 38 490 20 410 50 575 40 520 Find the equation of the regression line to predict weekly sales from advertising expenditures. Also test the significance of regression coefficient.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 43SGR
Question

R1

A study was made by a retail merchant to determine the relation between weekly
advertising expenditures and sales.
Sales ($)
Advertising cost ($)
40
380
20
410
24
395
18
360
32
480
48
430
38
490
20
410
50
575
40
520
Find the equation of the regression line to predict weekly sales from advertising
expenditures. Also test the significance of regression coefficient.
Transcribed Image Text:A study was made by a retail merchant to determine the relation between weekly advertising expenditures and sales. Sales ($) Advertising cost ($) 40 380 20 410 24 395 18 360 32 480 48 430 38 490 20 410 50 575 40 520 Find the equation of the regression line to predict weekly sales from advertising expenditures. Also test the significance of regression coefficient.
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