A corporation owns several companies. The planner for the corporation believes theamount spent on advertising can predict the total sales of the company. She gathers thefollowing sales and advertising information from several of the companies for 2015 (inmillions).Advertising 12.5 3.5 21.4 10.5 12.2 8.9 7.6 12.4 18.7Sales 148 26120 100 157 58 67 123 196What is the simple regression line that can best predict the sales from the advertisingexpenditures using these data?Oŷ 84.15x 45.81Oŷ = 7.52x + 20.57ỹ = 3.45x – 45.12Oŷ = 7.31x + 19.86

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Answered: What is the simple regression line that…

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 10SBE

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What is the simple regression line that can best predict the sales from the advertising expenditures using these data?