Question: Consider the following sample data for the relationship between advertising budget and sales for Product A: Observation 1 2 3 4 5 6 7 8
Consider the following sample data for the relationship between advertising budget and sales for Product A:
Observation
Advertising $
Sales $
What is the slope of the "leastsquares" bestfit regression line?
Please round your answer to the nearest hundredth.
Note that the correct answer will be evaluated based on the fullprecision result you would obtain using Excel.
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