Are the advertising dollars spent by a company related to total sales revenue? The following data represent
Question:
Are the advertising dollars spent by a company related to total sales revenue? The following data represent the advertising dollars and the sales revenues for various companies in a given industry during a recent year. Construct a scatter plot of the data from the two variables and discuss the relationship between the two variables.
Advertising Sales
(in $ millions) (in $ millions)
4.2 ........... 155.7
1.6 ........... 87.3
6.3 ........... 135.6
2.7 ........... 99.0
10.4 ............ 168.2
7.1 ........... 136.9
5.5 ........... 101.4
8.3 ........... 158.2
Step by Step Answer:
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black