Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow. Advertising Expenditures Revenue 1 19 2 32 4 44 6 40 10 52 14 53 20 54 a. Let x equal...

Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow.

Advertising Expenditures	Revenue
1	19
2	32
4	44
6	40
10	52
14	53
20	54

a. Let
x equal advertising expenditures andy equal revenue. Use the method of least squares to develop a straight line approximation of the relationship between the two variables.

b. Test whether revenue and advertising expenditures are related at a .05 level of significance.

c. Prepare a residual plot of y-(^y) versus (^y) . Use the result from part (a) to obtain the values of (^y) .

Jun 01, 2022

SOLUTION.PDF

Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow. Advertising Expenditures Revenue 1 19 2 32 4 44 6 40 10 52 14 53 20 54 a. Let x equal...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment