Question: For the data below find a simple linear regression equation that relates the Advertising cost to the Sales. : SALES (51,060) ADVERTISING IS TOO 10


For the data below find a simple linear regression equation that relates the Advertising cost to the Sales. : SALES (51,060) ADVERTISING IS TOO 10 12 Also, find the correlation coefficient (r) and the SST, SSE, and SSR values. (2 pts) What is the predicted value for the sales if the advertising was 10 (in $100)? ( 1 pts) The following Equations may help: SST = (Y - Y) SSE - To = E( - YR where average (mean) of X values n Y EY = average (mean) of Y values n E ( X X) (Y Y) E( x - X) bo - Y bx
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