A study was made by a retail merchant to determine the relation between weekly advertising expenditures and sales.
Advertising Costs ($)
Sales ($)
40
385
20
400
25
395
365
30
475
50
440
490
420
560
525
480
510
(a) Plot a scatter diagram.
(b) Find the equation of the regression line to predict weekly sales from advertising expenditures.
(c) Estimate the weekly sales when advertising costs are $35.
(d) Plot the residuals versus advertising costs. Comment.
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