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[Solution] The manager of Colonial Furniture has been reviewing weekly advertising expenditures, and assessing their impacts. During the past 6 months,

Question: The manager of Colonial Furniture has been reviewing weekly advertising expenditures, and assessing their impacts. During the past 6 months, the store has placed a varying number of ads in local newspapers. The number of ads per week has varied from 1 to 7, and the staff in the store has been keeping track of the number of customers who enter the store each week. These data are stored in the file Colonial.xls x , shown below

:

  1. Plot the data. Does anything about your plot trigger the "Taylor Inter-ocular Impact Test"? (i.e. does anything strike you between the eyes about this data?
    b) Is there a relationship between number of customers visiting the store and number of ads run?
    c) From your analysis, what is the average number of customers that the store can expect when 4 ads are placed? (Give a confidence interval). What can the store expect for a specific week in which 4 ads are placed? (Again, provide a confidence interval.)
    Price: $2.99
    Solution: The downloadable solution consists of 7 pages
    Deliverable: Word Document


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