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 20 365 30 475 50 440 40 490 20...

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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



20



365



30



475



50



440



40



490



20



420



50



560



40



525



25



480



50



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.



Answered Same DayDec 24, 2021

Answer To: A study was made by a retail merchant to determine the relation between weekly advertising...

Robert answered on Dec 24 2021
125 Votes
a)
b)
c)
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