Home / Questions / The following data were collected during a 14 month from a companys sales reports The repo...
The following data were collected during a 14 month from a company’s sales reports. The report shows for each month, how much the company has spent for advertising (x) and how much sales were made during that month (y). Both the advertising and sales dollars are in units of $million. The Chief Executive Officer of the company is interested in the impact of the advertising spending on the actual sales.
| Month | x | y | month | x | y |
| 1 | 24 | 79 | 8 | 23 | 83 |
| 2 | 32 | 85 | 9 | 19 | 75 |
| 3 | 45 | 89 | 10 | 20 | 77 |
| 4 | 42 | 86 | 11 | 17 | 90 |
| 5 | 56 | 101 | 12 | 29 | 93 |
| 6 | 52 | 100 | 13 | 38 | 95 |
| 7 | 35 | 88 | 14 | 26 | 90 |
(a) Provide the scatter plot for the data with the trend line.
(b) Obtain a linear regression line for the data. (Hint: You need to calculate a and b to get the linear
regression equation: y= a + bx)
(c) Predict the sales figures in months 15 and 16 if the advertising budgets allocated for months 15
and 16 are $25 million and $30 million, respectively.
Apr 06 2020 View more View Less
asics of Semiconductors Full-Wave Rectifiers 12. Find the average value of each voltage in Figure 4 5V 0V (al 20 V 10V 0 V (c) Power Supply Filters and Regulators 100...
Jun 13 2020The wealth effect refers to the fact thatA. when the price level falls, the real value of household wealth rises, and so will consumption.B. when income rises, consump...
Apr 26 2021Using the following information, compute (a) Total contributed capital, (b) Total accumulated other comprehensive income, and (c) Total stockholders’ equity:Additional Pa...
May 06 2020On January 2, 2018, Claymore Corporation purchased a vehicle for $50,000 cash. The company uses straight-line depreciation and estimates that the vehicle will have a five...
Apr 22 20209. Preliminary research conducted to clarify the scope and nature of the marketing problem is known as a) Exploratory research b) Discovery research c) Descriptive resear...
May 08 2021Question 4 The first derivative of the function fis defined by (x) = sin(x3 - ) for osxs 2. on what intervals is increasing? A 1 5xs1.445 only B 1 S XS 1.691 1.445 S XS 1...
May 13 2021If the total revenue function for a radio is R(x) = 36% - 0.01x then find the maximum revenue? Select one: a. R = 324$ b. R = 32400$ C. R = 32600$ d. R = 324000$
May 30 2021Verify that the Intermediate Value Theorem applies to the indicated interval and find the value of c guaranteed by the theorem given the function and
Jul 19 2021The manager of the manufacturing division of Iowa Windows does not understand why income went down when sales went up. Some of the information he has selected for evaluat...
Jul 16 2021Consider a firm that produces and sells baseball gloves. Demand for baseball gloves takes the form: P = 300 - Q. The firm's total cost takes the form: TC = Q2, which mean...
May 11 2021