The owner of a retail store randomly selected the following weekly data on profits and advertising cost.
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Question:
The owner of a retail store randomly selected the following weekly data on profits and advertising cost.
Week | Advertising Cost ($) | Profit ($) |
---|---|---|
1 | 0 | 205 |
2 | 50 | 265 |
3 | 250 | 425 |
4 | 150 | 295 |
5 | 125 | 330 |
Write down the appropriate linear relationship between advertising cost and profits.
Related Book For
An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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