Find the equation of the regression line for the following data and estimate the sales value if a company's advertisement expense is OMR 470 Advertisement Expense in( 000)x 20 5 0 80 82 102 120 Sales (y) 250 410 712 623 925 1050

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.4: Linear Regression
Problem 12SBE: Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
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Question 4
Find the equation of the regression line for the following data
and estimate the sales value if a company's advertisement
expense is OMR 470
Advertisement Expense in(*000)x 20 5 0 80 82 102 120
Sales (y)
250 410 712 623 925 1050
Transcribed Image Text:Question 4 Find the equation of the regression line for the following data and estimate the sales value if a company's advertisement expense is OMR 470 Advertisement Expense in(*000)x 20 5 0 80 82 102 120 Sales (y) 250 410 712 623 925 1050
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