Laura has just started her first job as a marketing analyst at a toy store. Her...

 

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Laura has just started her first job as a marketing analyst at a toy store. Her first assignment is to study the advertising expenses and toys sales of the company during the past 12 months. She wants to know if there is any relationship between advertising expenditure and sales. With the information, she would like make recommendation to her supervisor of an appropriate advertising expense to increase sales of the company. Here is the advertising and sales information Laura obtained from the company database. Advertising Expenditure $ ssssssss $ $ $ $ 12,500 20,000 13,500 22,000 15,700 19,800 10,000 23,500 Monthly Sales 330,250 400,500 352,500 412,500 368,000 395,000 $ $ $ $ $ $ $ $ 295,000 425,000 1. Create a scatter plot that captures the data given. Remember to give an appropriate title and label the axes clearly. Laura has just started her first job as a marketing analyst at a toy store. Her first assignment is to study the advertising expenses and toys sales of the company during the past 12 months. She wants to know if there is any relationship between advertising expenditure and sales. With the information, she would like make recommendation to her supervisor of an appropriate advertising expense to increase sales of the company. Here is the advertising and sales information Laura obtained from the company database. Advertising Expenditure $ ssssssss $ $ $ $ 12,500 20,000 13,500 22,000 15,700 19,800 10,000 23,500 Monthly Sales 330,250 400,500 352,500 412,500 368,000 395,000 $ $ $ $ $ $ $ $ 295,000 425,000 1. Create a scatter plot that captures the data given. Remember to give an appropriate title and label the axes clearly.

Answer rating: 100% (QA)

ANSWER To construct a scatterplot of the data follow these steps 1Take t... View the full answer