Question 4
The below data represent the advertising expenditure and sales of Little Liu Ltd from year 2008 to 2017.
Table: Advertising Expenditure vs. Sales from 2008 to 2017
Year
Advert. Expenditure
Sales
(x, £000)
(y, £000)
2008
8
30
2009
12
40
2010
11
29
2011
5
2012
14
43
2013
3
17
2014
6
20
2015
2016
4
22
2017
9
Total
80
300
Figure: Scatter Diagram of Advertising Expenditure and Sales with Trend line
c)Explain the relationship and make recommendation to Little Liu Ltd based on the information given.
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