Question: 11.9 A study was made by a retail merchant to determine the relation between weekly advertising expenditures and sales. Advertising Costs ($) Sales ($) 40
11.9 A study was made by a retail merchant to determine the relation between weekly advertising expenditures and sales.
Advertising Costs ($) Sales ($)
40 385 20 400 25 395 20 365 30 475 50 440 40 490 20 420 50 560 40 525 25 480 50 510
(a) Plot a scatter diagram.
(b) Find the equation of the regression line to predict weekly sales from advertising expenditures.
(c) Estimate the weekly sales when advertising costs are $35.
(d) Plot the residuals versus advertising costs. Comment.
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