Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6- A soft drink distributor was interested in examining the relationship between the number of ads (x) for his product during prime time on a
6- A soft drink distributor was interested in examining the relationship between the number of ads (x) for his product during prime time on a local television station and the number of sales per week (y) in thousands of cases. He compiled the figures for 20 weeks and computed the following summary information: [6 marks] 12 = 20, Ex; = 92, Ex, = 177, Exy, = 884, 5, = 1.3917, 5y = 2.9069. Find the correlation coefficient for the number of ads during prime time and weekly sales. Find the best-fitting line relating the number of ads during prime time and weekly sales. If the soft drink distributor ran 21 TV ads per week for his product, what would you predict his sales to be
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started