Question: For the second part what would the correlation be? Moderate, strong or weak? A small business is trying to determine the effect of a social

For the second part what would the correlation be? Moderate, strong or weak?

A small business is trying to determine the effect of a social media marketing campaign on sales. The plot below 2 shows the relationship between the social media advertising costs and sales revenue. The linear regression output is shown below. 150000 100000 Regression Statistics Multiple R 0.627615 Sales revenue (in dollars) R Square 0.393901 50000 Adjusted R Square 0.372254 Standard Error 22633.47 Observations 30 0 10000 15000 20000 25000 Social media advertising costs (in dollars) R = Ex: 0.654321 $ What is the correlation between advertising costs and sales revenue? Pick $correlation

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