A famous company selling household appliances wants to determine the relationship
Ask Expert

Be Prepared For The Toughest Questions

Practice Problems

A famous company selling household appliances wants to determine the relationship

8. A famous company selling household appliances wants to determine the relationship between advertising expenditures and sales. The following data was taken from 6 major sales regions. The expenditure is in thousands of pounds and sales are in millions of pounds.


(a) Estimate the linear regression line to provide a chart and summary statistics together with the coefficients.

(b) Estimate the expected sales for a region where 7.3 thousand pounds are being spent on advertising.

Hint
Statistics"slope, b1= {n*sum(xy) - sum(x)*sum(y)} / {n*sum(x^2) - [sum(x)]^2 }intercept, bo= {sum(y)*sum(x^2) - sum(x)*sum(xy)} / {n*sum(X^2) - [sum(X)]^2}"...

Know the process

Students succeed in their courses by connecting and communicating with
an expert until they receive help on their questions

1
img

Submit Question

Post project within your desired price and deadline.

2
img

Tutor Is Assigned

A quality expert with the ability to solve your project will be assigned.

3
img

Receive Help

Check order history for updates. An email as a notification will be sent.

img
Unable to find what you’re looking for?

Consult our trusted tutors.

Developed by Versioning Solutions.