Describing analysis of simple regression

Reference no: EM1397270

A company is interested in knowing which are the potential sales next year if you use $ 20,000 in advertising expenses. The company uses the information from previous years to make its sales forecast.

The data are:

Year Sales Advertising

$000 $ 000

1 15 2

2 25 3

3 45 3

4 95 5

5 130 8

6 180 9

7 240 12

8 300 14

Use the appropriate formula and presents all mathematical computation

Reference no: EM1397270

Questions Cloud

Formulating integer linear programming model : A tailor makes wool tweed sport coats and wool slacks. He is able to get a shipment of 150 square yard of wool cloth from Scotland each month to make coats and slacks

Sketching a histogram : Sketch a histogram of these data and give the modal class.

Calculate the cost allowance per mile : Be sure to utilize an absolute reference when referring to the mileage allowance because it isn't in the table and only occurs once at the top of the sheet.

Proportion of accidents that involved use of a cell phone : A survey of 600 non-fatal accidents showed that 111 involved the use of a cell phone. Find a point estimate for p, the population proportion of accidents that involved the use of a cell phone.

Describing analysis of simple regression : A company is interested in knowing which are the potential sales next year if you use $ 20,000 in advertising expenses. The company uses the information from previous years to make its sales forecast.

Describe the developmental program of t cell : Describe the developmental program of a T cell, including positive and negative selection and changes in phenotypic markers

Explain business communication - positive messages : Taylor Mace, one of the administrative assistants of Crain, Dawson, and Associates, worked with you on the details of the meal. Taylor had ordered salmon for the entree. However, your supplier was unable to provide enough fresh salmon to serve the..

Description of linear regression equation : A regression equation was computed to be Y'=35+ 6X. The value of the 35 indicates that

Probability related to arachnophobics : There were 23 people at my last Arachnophobics (fear of spiders) Anonymous' Halloween party. As a gag fake spiders were put into the gift boxes to be handed out when people came in.

User Account

All Pages