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Consider the following sample data for the relationship between advertising budget and sales for Product A: 2 3 4 5 6 7 8 9 10 Observation 1 Advertising 70,000 80,000 80,000 90,000 100,000 100,000 110,000 110,000 120,000 130,000 432,000 478,000 484,000 552,000 605,000 594,000 688,000 674,000 713,000 784,000 Sales ($) What is the R² coefficient of determination value for the relationship between advertising and sales? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.

Consider the following sample data for the relationship between advertising budget and sales for Product A: 2 3 4 5 6 7 8 9 10 Observation 1 Advertising 70,000 80,000 80,000 90,000 100,000 100,000 110,000 110,000 120,000 130,000 432,000 478,000 484,000 552,000 605,000 594,000 688,000 674,000 713,000 784,000 Sales ($) What is the R² coefficient of determination value for the relationship between advertising and sales? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.

MATLAB: An Introduction with Applications
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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Consider the following sample data for the relationship between advertising budget and sales for Product A: 2 3 4 5 6 7 8 9 Observation 1 Advertising ($) Sales ($) 10 70,000 80,000 80,000 90,000 100,000 100,000 110,000 110,000 120,000 130,000 432,000 478,000 484,000 552,000 605,000 594,000 688,000 674,000 713,000 784,000 What is the R² coefficient of determination value for the relationship between advertising and sales? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.
Transcribed Image Text:Consider the following sample data for the relationship between advertising budget and sales for Product A: 2 3 4 5 6 7 8 9 Observation 1 Advertising ($) Sales ($) 10 70,000 80,000 80,000 90,000 100,000 100,000 110,000 110,000 120,000 130,000 432,000 478,000 484,000 552,000 605,000 594,000 688,000 674,000 713,000 784,000 What is the R² coefficient of determination value for the relationship between advertising and sales? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.
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