[See Steps] A study was conducted of the relationship between the number of visitors to an internet company’s web site and the company’s gross profit. The following
Question: A study was conducted of the relationship between the number of visitors to an internet company’s web site and the company’s gross profit. The following table summarizes the findings for the 10 largest internet companies:
| Company |
Gross Profits
(Millions of Dollars) |
Page Views
(1000's of Monthly Visitors) |
| A | 70.5 | 355.2 |
| B | 18.2 | 24.7 |
| C | 2.6 | 23.6 |
| D | 6.0 | 132.1 |
| E | 3.8 | 151.3 |
| F | 10.1 | 41.9 |
| G | 3.5 | 34.5 |
| H | 21.3 | 9.6 |
| I | 8.1 | 63.8 |
| J | 5.9 | 50.2 |
-
Construct a scatter diagram. Is there any correlation? - Assuming a linear relationship, use the least-squares method to find the regression coefficients a and b.
- If 450,000 monthly visitors were to visit a company’s web site, what would the expected gross profit be?
Deliverable: Word Document 
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