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