Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Y = m(X) + b format. (Round answers to 2 decimal places, e.g. 15.25.) Y = $ Your answer is correct. (c) eTextbook and Media 21.18 X + $ Revenue $ Predict revenues for next quarter if Nick invests $24,000 in marketing efforts. (Round answer to 2 decimal places, e.g. 15.25.) If you were Nick, would you rely on this projection? Yes V 73135.96 Attempts: 1 of 3 used 4

Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Y=m(X)+b format. (Round answers to 2 decimal places, eg. 15.25) Y=$ eTextbook and Media Attempts: 1 of 3 us: (c) Predict revenues for next quarter if Nick invests $24,000 in marketing efforts. (Round answer to 2 decimol places, es. 15.25.) Revenue $ If you were Nick, would you rely on this projection? Nick's Tree Trimming Service was really taking oftl He was thrilled that he needed to hire three more employtes to kecp up wah al the work. He realged that his years-long strategy of investing in a marketing plan clearly must have something to do with it. As soon as the business idea was conceived, Nick made a strategic plan that included consistent marketag efforts at steady intervals throughout each year, Every quarter, he updated his messaging. with input from his marketing vendor, and got his updated message out to the public. His quarterly marketing expenses along with the corresponding revenues are as follows