(Step-by-Step) The regression line for sales revenue (in millions of dollars) as a function of advertisement cost (in hundreds of thousands of dollars)
Question:
The regression line for sales revenue ( in millions of dollars) as a function of advertisement cost (in hundreds of thousands of dollars) and the corresponding
value are given below.
= 65.10 + 1.38
x,
;
Using the regression line, estimate sales when the expenditure for advertising was $4,500,000.
Deliverable: Word Document 