Quick-print firms in a large downtown business area spend most of their advertising dollars on displays on
Question:
Quick-print firms in a large downtown business area spend most of their advertising dollars on displays on bus benches. A research project involves predicting monthly sales based on the annual amount spent on placing ads on bus benches. A sample of quick-print firms revealed these advertising expenses and sales:
a. Draw a scatter diagram.
b. Determine the correlation coefficient.
c. What is the coefficient of determination?
d. Compute the regression equation.
e. Estimate the monthly sales of a quick-print firm that spends $4,500 on bus bench advertisements.
f. Summarize yourfindings.
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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