The following data set shows the weekly advertising expenditure and sales of 12 retail merchants selling face masks. Advertising cost ($) 60 40 45 40 50 70 60 40 70 60 45 70 Sales ($) 385 400 395 365 475 440 490 420 560 525 480 510

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Find the equation of the regression line. You may use Excel. a. What is the value of the intercept? b. What is the value of b1? c. Write the equation in the stylized form. d. Interpret the coefficients of the estimated regression line. NOTE: please answer ASAP. I really need help.
PART 2. PROBLEM SOLVING
Solve the following problems. Show all pertinent solutions. No immediate rounding.
Round off final answers to THREE decimal places.
The following data set shows the weekly advertising expenditure and sales of 12
retail merchants selling face masks.
Advertising cost
($)
60
40
45
40
50
70
60
40
70
60
45
70
Sales ($)
385
400
395
365
475
440
490
420
560
525
480
510
Transcribed Image Text:PART 2. PROBLEM SOLVING Solve the following problems. Show all pertinent solutions. No immediate rounding. Round off final answers to THREE decimal places. The following data set shows the weekly advertising expenditure and sales of 12 retail merchants selling face masks. Advertising cost ($) 60 40 45 40 50 70 60 40 70 60 45 70 Sales ($) 385 400 395 365 475 440 490 420 560 525 480 510
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