Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The following chart is data over an 8-month period that shows how much a compar advertising and the sales revenue for that month MONTH

image text in transcribedimage text in transcribedimage text in transcribed
1. The following chart is data over an 8-month period that shows how much a compar advertising and the sales revenue for that month MONTH ADVERTISING $ SALES S March 800 57000 April 2400 89100 May 3450 97500 June 1500 56000 July 3700 99000 Aug 1500 56000 Sept 2200 95000 Oct 2150 78800b. Is it a positive or negative correlation? *1 point This is a positive Correlation since the line is trending upwards. Sales and advertising Data 1200:": 100000so sauna . 60000 40000 20000 0 500 1000 1500 2000 2500 3000 3500 4000 f. If you were in charge of the advertising department how much would you spend on each of the next 4 months on advertising and how and why did you arrive at your decision? Please give a brief explanation as to how and why you came up with your advertising spending for the 4 months. *5 points Since November and December are Holiday months, where sales will be at a peak time I would increase the budget for advertising November- December- anuary- ebruary- March

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Robert Pindyck, Daniel Rubinfeld

9th Edition

0134184246, 9780134184241

More Books

Students also viewed these Economics questions