Calculate the regression equation of sales on expenditure. Find also the possible sale when the expenditure is Rs. 60 thousand

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.2: Proportions
Problem 47WE
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Illustration 15.35. In trying to evaluate the effectiveness of its
advertising campaign, a firm compiled the following data:
Year:
1973 1974 1975 1976 1977 1978 1979 1980
48
Expenditure ('000): 12
Sale (lacs):
15
15
23
24
38
42
5.0
5.6
5.8
7.0
7.2
8.8
9.2
9.5
Transcribed Image Text:Illustration 15.35. In trying to evaluate the effectiveness of its advertising campaign, a firm compiled the following data: Year: 1973 1974 1975 1976 1977 1978 1979 1980 48 Expenditure ('000): 12 Sale (lacs): 15 15 23 24 38 42 5.0 5.6 5.8 7.0 7.2 8.8 9.2 9.5
Calculate the regression equation of sales on expenditure. Find also the
possible sale when the expenditure is Rs. 60 thousand.
Transcribed Image Text:Calculate the regression equation of sales on expenditure. Find also the possible sale when the expenditure is Rs. 60 thousand.
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