1. The following chart is data over an 8 month period that shows how much a company spent in advertising and the sales revenue for that month   MONTH ADVERTISING $ SALES $ March 900 56000 April 2700 89200 May 3150 98500 June 1300 54000 July 3400 97000 Aug 1500 56000 Sept 2300 93000 Oct 2250 79000   d) What is the linear equation (y = mx + b form) that best approximates the relationship between advertising dollars spent(x) and sales revenue(y) based on the above 8 months of data? (round to 2 decimals for the slope and the y intercept) describe how you utilized excel to arrive at this equation (recommended) or show the formula you utilized to arrive at your equation       e) What sales revenue would the company expect for the following advertising spending? Round to nearest centshow calculation   a) 3000 b) 2100 c) 1300       f) If you were in charge of the advertising department how much would you spend on each of the next 4 months on advertising and how and why did you arrive at your decision?   Nov   Jan   Feb   March Please give a short explanation as to how and why you came up with your advertising spending for the above 4 months.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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1. The following chart is data over an 8 month period that shows how much a company spent in advertising and the sales revenue for that month

 

MONTH

ADVERTISING $

SALES $

March

900

56000

April

2700

89200

May

3150

98500

June

1300

54000

July

3400

97000

Aug

1500

56000

Sept

2300

93000

Oct

2250

79000

 

d) What is the linear equation (y = mx + b form) that best approximates the relationship between advertising dollars spent(x) and sales revenue(y) based on the above 8 months of data? (round to 2 decimals for the slope and the y intercept) describe how you utilized excel to arrive at this equation (recommended) or show the formula you utilized to arrive at your equation

 

 

 

e) What sales revenue would the company expect for the following advertising spending? Round to nearest centshow calculation

 

a) 3000
b) 2100
c) 1300

 

 

 

f) If you were in charge of the advertising department how much would you spend on each of the next 4 months on advertising and how and why did you arrive at your decision?

 

Nov

 

Jan

 

Feb

 

March

Please give a short explanation as to how and why you came up with your advertising spending for the above 4 months.

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For Step F, what formula did you use to figure out those numbers for each month?

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