Question 1 The manager of a supermarket is interested in the possible relationship that might exist between the monthly volume of sales and the amount (in rand) paid on advertising. The information below is for the past 6 months: Amount paid on the advertising (x) 110 Monthly volume sales (y) 09.2 125 120 11.5 10.2 20.6 17.8 190 130 200 23.6 1.1 Plot a scatter diagram displaying the relationship between the monthly volume of sales and the amount paid on advertising and fit the line. 1.2 Calculate the regression line equation in the form ŷ = a + bx. 1.3 Estimate the monthly volume of sales for the amount, R180 paid on advertising.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Question 1
The manager of a supermarket is interested in the possible relationship that might
exist between the monthly volume of sales and the amount (in rand) paid on
advertising. The information below is for the past 6 months:
Amount paid on the advertising (x) Monthly volume sales (y)
09.2
11.5
110
125
120
190
10.2
20.6
17.8
23.6
130
200
1.1
Plot a scatter diagram displaying the relationship between the monthly volume
of sales and the amount paid on advertising and fit the line.
1.2
Calculate the regression line equation in the form ŷ = a + bx.
1.3
Estimate the monthly volume of sales for the amount, R180 paid on
advertising.
Transcribed Image Text:Question 1 The manager of a supermarket is interested in the possible relationship that might exist between the monthly volume of sales and the amount (in rand) paid on advertising. The information below is for the past 6 months: Amount paid on the advertising (x) Monthly volume sales (y) 09.2 11.5 110 125 120 190 10.2 20.6 17.8 23.6 130 200 1.1 Plot a scatter diagram displaying the relationship between the monthly volume of sales and the amount paid on advertising and fit the line. 1.2 Calculate the regression line equation in the form ŷ = a + bx. 1.3 Estimate the monthly volume of sales for the amount, R180 paid on advertising.
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