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2 years ago

The following data represent a company's yearly sales and its advertising expenditure over a period of 8 years.

Business

1 answer:

tekilochka [14]2 years ago

8 0

Answer:

Explanation:

To calculate the slop from this question. Please find attached diagram that will aid us to that will assist us in solving this question.

= ∑ − (∑ ) (∑ ) / /∑ ² − (∑ )² /

=5117 − 287 ∙ 141 /8 / 10371 − 287²/8

=58.625 /74.875

=0.7830.

To calculate the y-intercept

= ∑ / − ∙ ∑ / = 141 /8 − 0.783 ∙ 287 /8 = −10.4651.

Therefore;

Sales = −10.4651 + 0.7830 ∙ Advertising.

Sales (40) = −10.4651 + 0.7830 ∙ 40 = $20.85 Million.

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Answer:

Key S - Scenario

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2 years ago

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Answer:

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Answer:

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