Q.2 Since outbreak of COVID-19 pandemic insurance companies started spending on Advertisement of Corona Kavach policy to enhance the revenue due to rising number of cases in India. The data below explains the advertising expenditure and revenue of seven companies. a) Is there any association between advertising expenditure and revenue earned ? b) Use the data to develop a regression line to predict the amount of advertising by revenues? c) What is your interpretation from the calculations in part a and b respectively? |Name of company Birla Sunlife Bharti Axa Religare Health care Маx Bupa Reliance health care HDFC ergo United Insurance Advertising (in Rs.) 1073 Revenues (in Rs.) 408.2 4898 3345 3296 2822 79.7. 123.0 104.6 107.8 2577 829 118.3 114.6

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Q.2 Since outbreak of COVID-19 pandemic insurance companies started spending on
Advertisement of Corona Kavach policy to enhance the revenue due to rising number of cases in
India. The data below explains the advertising expenditure and revenue of seven companies.
a) Is there any association between advertising expenditure and revenue earned ?
b) Use the data to develop a regression line to predict the amount of advertising by revenues?
c) What is your interpretation from the calculations in part a and b respectively?
Name of company
Advertising (in Rs.)
1073
Revenues (in Rs.)
Birla Sunlife
408.2
Bharti Axa
4898
79.7
Religare Health care
Мax Bupa
Reliance health care
HDFC ergo
United Insurance
3345
123.0
3296
104.6
2822
| 2577
|829
107.8
118.3
114.6
Transcribed Image Text:Q.2 Since outbreak of COVID-19 pandemic insurance companies started spending on Advertisement of Corona Kavach policy to enhance the revenue due to rising number of cases in India. The data below explains the advertising expenditure and revenue of seven companies. a) Is there any association between advertising expenditure and revenue earned ? b) Use the data to develop a regression line to predict the amount of advertising by revenues? c) What is your interpretation from the calculations in part a and b respectively? Name of company Advertising (in Rs.) 1073 Revenues (in Rs.) Birla Sunlife 408.2 Bharti Axa 4898 79.7 Religare Health care Мax Bupa Reliance health care HDFC ergo United Insurance 3345 123.0 3296 104.6 2822 | 2577 |829 107.8 118.3 114.6
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