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 29 2012 14 43 2013 3 17 2014 6 20 2015 8 30 2016 4 22 2017 9 40 Total 80 300 Figure: Scatter Diagram of Advertising Expenditure and Sales with Trend line Work out the values of parameters of the relationship shown in the Figure (i.e. work out the equation of the relationship).

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,...

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

Figure: Scatter Diagram of Advertising Expenditure and Sales with Trend line

Work out the values of parameters of the relationship shown in the Figure (i.e. work out the equation of the relationship).

Jun 08, 2022