Question: A consumer goods company has been studying the effect of advertising on total profits. As part of this study, data on advertising expenditures (1,000s) and
A consumer goods company has been studying the effect of advertising on total profits. As part of this study, data on advertising expenditures (1,000s) and total sales (1,000s) were collected for a 5-month period and are as follows:
110, 1002 115, 2002 17, 802 112, 1202 114, 1502
The first number is advertising expenditures and the second is total sales. Plot the data.
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