Question 1 The manager of a supermarket is interested in the possible relationship that might exist between the monthly volume of sales and the amount (in rand) paid on advertising. The information below is for the past 6 months: Amount paid on the advertising (x) 110 Monthly volume sales (y) 09.2 125 120 11.5 10.2 20.6 17.8 190 130 200 23.6 1.1 Plot a scatter diagram displaying the relationship between the monthly volume of sales and the amount paid on advertising and fit the line. 1.2 Calculate the regression line equation in the form ŷ = a + bx. 1.3 Estimate the monthly volume of sales for the amount, R180 paid on advertising.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
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Question 1
The manager of a supermarket is interested in the possible relationship that might
exist between the monthly volume of sales and the amount (in rand) paid on
advertising. The information below is for the past 6 months:
Amount paid on the advertising (x) Monthly volume sales (y)
09.2
11.5
110
125
120
190
10.2
20.6
17.8
23.6
130
200
1.1
Plot a scatter diagram displaying the relationship between the monthly volume
of sales and the amount paid on advertising and fit the line.
1.2
Calculate the regression line equation in the form ŷ = a + bx.
1.3
Estimate the monthly volume of sales for the amount, R180 paid on
advertising.
Transcribed Image Text:Question 1 The manager of a supermarket is interested in the possible relationship that might exist between the monthly volume of sales and the amount (in rand) paid on advertising. The information below is for the past 6 months: Amount paid on the advertising (x) Monthly volume sales (y) 09.2 11.5 110 125 120 190 10.2 20.6 17.8 23.6 130 200 1.1 Plot a scatter diagram displaying the relationship between the monthly volume of sales and the amount paid on advertising and fit the line. 1.2 Calculate the regression line equation in the form ŷ = a + bx. 1.3 Estimate the monthly volume of sales for the amount, R180 paid on advertising.
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