Question: solve as fast as possible Mr. Ali runs a gift shop in the Defense area, Karachi. He advertises weekly in the local newspapers and is

solve as fast as possible

solve as fast as possible Mr. Ali runs a gift shop in

Mr. Ali runs a gift shop in the Defense area, Karachi. He advertises weekly in the local newspapers and is considering increasing his advertising budget. Before doing so, he decides to evaluate the past effectiveness of these advertisements. Five weeks are sampled, and the advertising expenses (in PKR) and sales volume for each is shown in the Table 2. Develop a regression equation that would help Mr. Ali evaluate his advertising. Find slope value. Sales Advertising S.No. (PKR (PKR 100) 100) 1.00 4.00 4.10 2.00 7.00 6.72 3.00 6.00 5.05 4.00 8.00 7.26 5.00 4.00 2.69 Table

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!