From a company report the following data is given. X= advertising share and Y = market share for par
Question: From a company report the following data is given. X= advertising share and Y = market share for particular brand.
X | 0.103 | 0.072 | 0.71 | 0.086 | 0.047 | 0.06 | 0.05 | 0.07 | 0.052 | 0.077 |
Y | 0.135 | 0.125 | 0.12 | 0.079 | 0.076 | 0.065 | 0.059 | 0.051 | 0.039 | 0.086 |
a. Construct a scatter plot for these data. Can we use linear regression here/
b. Calculate the regression line and use to obtain the predicted market share when the advertising share is 0.9
c. Compute r2. How would you interpret this value?
d. Calculate 95% confidence interval for the prediction in (b)
Price: $2.99
Answer: The answer consists of 6 pages
Deliverable: Word Document
Deliverable: Word Document
