You are given below the following information about advertising and sales. Adv. Exp. (X) ( Lakhs) Sales (Y) Lakhs) Mean 10 90 S.D. 3 12 Correlation Coefficient 0.8 (a) Calculate the two regression lines. (b) Find the likely sales when advertisement expenditure is (c) What should be the advertisement expenditure if the company wants to attain a sales target of 15 lakhs. 120 lakhs ?
You are given below the following information about advertising and sales. Adv. Exp. (X) ( Lakhs) Sales (Y) Lakhs) Mean 10 90 S.D. 3 12 Correlation Coefficient 0.8 (a) Calculate the two regression lines. (b) Find the likely sales when advertisement expenditure is (c) What should be the advertisement expenditure if the company wants to attain a sales target of 15 lakhs. 120 lakhs ?
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
Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...
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