Question: The following data were collected on the study of the relationship between a company’s retail sales and Advertising:

Retail Sales ( $ ) Advertising

29,789 16,893

35,434 18,398

38,732 20,376

43,585 22,982

46,821 25,732

49,283 27,281

52,271 32,182

55,289 35,298

57,298 36,281

______ 58,293 38,178_____

1. Obtain a linear regression line for the data.
2. Compute a correlation coefficient and determine the strength of the linear relationship.
3. Using the linear regression equation, develop a forecast of retail sales for advertising dollars of $40,000.

Price: $2.99

Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document