The below data represent the advertising expenditure and sales of Little Liu Ltd from year 2008 to 2017. Table: Advertising Expenditure vs. Sales from 2008 to 2017 Year Advert. Expenditure Sales (x, £000) (y, £000) 2008 8 30 2009 12 40 2010 11 29 2011 5 29 2012 14 43 2013 3 17 2014 6 20 2015 8 30 2016 4 22 2017 9 40 Total 80 300 What is the statistical relationship shown in the Figure and list out 3 characteristics of this relationship?
The below data represent the advertising expenditure and sales of Little Liu Ltd from year 2008 to 2017. Table: Advertising Expenditure vs. Sales from 2008 to 2017 Year Advert. Expenditure Sales (x, £000) (y, £000) 2008 8 30 2009 12 40 2010 11 29 2011 5 29 2012 14 43 2013 3 17 2014 6 20 2015 8 30 2016 4 22 2017 9 40 Total 80 300 What is the statistical relationship shown in the Figure and list out 3 characteristics of this relationship?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.4: Scatter Plots And Line Of Fit
Problem 5PPS
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Question
The below data represent the advertising expenditure and sales of Little Liu Ltd from year 2008 to 2017.
Table: Advertising Expenditure vs. Sales from 2008 to 2017
Year |
Advert. Expenditure |
Sales |
(x, £000) |
(y, £000) |
|
2008 |
8 |
30 |
2009 |
12 |
40 |
2010 |
11 |
29 |
2011 |
5 |
29 |
2012 |
14 |
43 |
2013 |
3 |
17 |
2014 |
6 |
20 |
2015 |
8 |
30 |
2016 |
4 |
22 |
2017 |
9 |
40 |
Total |
80 |
300 |
- What is the statistical relationship shown in the Figure and list out 3 characteristics of this relationship?
![Figure: Scatter Diagram of Advertising Expenditure and Sales with Trend line
50
45
43
40
4아
40
35
30
30
29
29
25
22
20
20
17
15
10
5
4
10
14
16
Advertising Expenditure £000
Sales £000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff41e8343-8371-44de-83f9-aee0b8b48727%2F76f4faea-6889-4060-800a-25b1fc0f61d5%2Fzf1ovj_processed.png&w=3840&q=75)
Transcribed Image Text:Figure: Scatter Diagram of Advertising Expenditure and Sales with Trend line
50
45
43
40
4아
40
35
30
30
29
29
25
22
20
20
17
15
10
5
4
10
14
16
Advertising Expenditure £000
Sales £000
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