You are given below the following information about advertising and sales: Adv. Exp.-(X) ($ crore) Sales (y) |($. crore) Mean 20 100 S.D. 12 Correlation coefficient 0.8 (a) Calculate the two regression lines. (b) Find the likely sales when advertisement expenditure is $. 25 crore. (c) What should be advertisement expenditure if the company wants to attain sales target of $ 130 crore?
You are given below the following information about advertising and sales: Adv. Exp.-(X) ($ crore) Sales (y) |($. crore) Mean 20 100 S.D. 12 Correlation coefficient 0.8 (a) Calculate the two regression lines. (b) Find the likely sales when advertisement expenditure is $. 25 crore. (c) What should be advertisement expenditure if the company wants to attain sales target of $ 130 crore?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
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