A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising can

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A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2013 ($ millions).
Advertising .... Sales
12.5 ...... 148
3.7 ...... 55
21.6 ...... 338
60.0 ...... 994
37.6 ...... 541
6.1 ...... 89
16.8 ...... 126
41.2 ...... 379

Develop the equation of the simple regression line to predict sales from advertising expenditures using these data.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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