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) 09.2 110 125 11.5 120 10.2 190 20.6 130 17.8 200 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. Estimate the monthly volume of sales for the amount, R180 paid on advertising. 1.3

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.2: Graphs Of Equations In Two Variables; Circles
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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
110
125
11.5
120
10.2
190
20.6
130
17.8
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.
Transcribed Image Text: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) 09.2 110 125 11.5 120 10.2 190 20.6 130 17.8 200 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.
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