Sales (Rs crore) Adv. exp. (Rs crore) 50 10 Arithmetic mean 10 Standard deviation Coefficient of correlation + 0.9 (a) Calculate the two regression equations. (b) Calculate the likely sales for a proposed advertisement expenditure of Rs 13.5 crore. (c) What should be the advertising budget if the company wants to achieve a sales target of P. 7

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2AGP
icon
Related questions
Question
Example 15.10 You are
given below the following data about the sale and advertising expenditure of a
firm:
Transcribed Image Text:Example 15.10 You are given below the following data about the sale and advertising expenditure of a firm:
Sales (Rs crore)
Adv.
exp. (Rs crore)
50
10
Arithmetic mean
10
2
Standard deviation
Coefficient of correlation + 0.9
(a) Calculate the two regression equations.
(b) Calculate the likely sales for a proposed advertisement expenditure of Rs 13.5 crore.
(c) What should be the advertising budget if the company wants to achieve a sales target of Rs 70
crore?
Transcribed Image Text:Sales (Rs crore) Adv. exp. (Rs crore) 50 10 Arithmetic mean 10 2 Standard deviation Coefficient of correlation + 0.9 (a) Calculate the two regression equations. (b) Calculate the likely sales for a proposed advertisement expenditure of Rs 13.5 crore. (c) What should be the advertising budget if the company wants to achieve a sales target of Rs 70 crore?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt