Use the data below to answer the questions given below;

*Calculate mean of sales revenue and advertising expenditure      

*Calculate Standard deviation of sales revenue and adverting expenditure   

*Calculate correlation coefficient between above two variables and interpret the meaning.

You have been given a sample data set related to sales revenue and advertising expenditure in Dian packaging. 

Sales Revenue ($ 000)	Advertising expenditure ($ 000)
35	7
37	8
45	10
47	12
51	12
55	11
60	15
72	16
75	18
74	20

 

Answer rating: 100% (QA)

Mean sum of all values number of values Standard deviation sqrtsum of value mean2 number of values 1 ... View the full answer