The proprietor of an internet travel company compiled the following data relating the annual profit of the firm to its annual advertising expenditure (both measured in thousands of dollars): Annual advertising expenditure Annual profit 12 60 14 70 17 90 21 100 26 100 30 120 (a) Determine the equation of the least squares line. (b) Plot the data and the least squares line.
The proprietor of an internet travel company compiled the following data relating the annual profit of the firm to its annual advertising expenditure (both measured in thousands of dollars): Annual advertising expenditure Annual profit 12 60 14 70 17 90 21 100 26 100 30 120 (a) Determine the equation of the least squares line. (b) Plot the data and the least squares line.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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kindly asnwer it 5.5.2 (a,b)
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