Question: An electronics company is looking to develop a regression model to predict the number of units sold for a special running watch. Data is provided

An electronics company is looking to develop a regression model to predict the number of units sold for a special running watch. Data is provided below:

Sales (units)

Advertising ($)

500

50

480

40

485

45

510

55

490

40

488

30

496

45

1. Determine the least squares trend line. (Regression Line) (20 points)

2. Determine the coefficient of determination. (10 points)

3. Determine the correlation coefficient. (10 points)

4. Determine the predicted value of sales for advertising 60$ (5 points)

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