9319 all 5? - ( Back SP22 Project 8.docx @ e) What sales revenue wou - the company expect for the following advertising spending? Round to nearest cent show calculation a) 5000 b) 2100 c) 1600 If you were in charge of the advertising department, how much would you spend on each of the next 4 months on advertising based on the data and trends in the table? Please give a short explanation as to how and why you came up with your advertising spending for the above 4 months. Nov Jan Feb March Example : You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. What will your monthly payments be? I will do this one for you and Show you how I want you to describe your formula/inputs in excel if that is how you choose to go about solving problems 2 through 5 - which I strongly recommend. If you choose to perform the calculations by hand show the formula used with values. Excel: Formula used: PMT Rate input: .03/12 NPer input: 4*12 Pv input: 18500 Answer : $409.49 per month 2. You want to buy a $22,500 car, The company is offering a 4% interest rate for 5 years. a. What will your monthly payments be? Round to the nearest cent. as I'Q E Dashboard Calendar To Do Notifications Inbox IIII ? - ( Back SP22 Project 8.docx @ Project 8 Must show calculations/formula for credit. Any answer given with no calcalations/descriptions of how arrived at answers shown will result in no credit for that answer. If utilizing excel must state/describe your formulas used and your inputs 1 strongly suggest you use excel for this project. The calculations are accomplished much simpler, quicker, and more accurate than doing the formulas by hand. The video embedded in your Canvas course (in Week 7) provides a step by step process of how to go about it. 1. The following chart is data over an 8 month period that shows how much a company spent in advertising and the sales revenue for that month MONTH ADVERTISING $ SALES 3 March 900 56000 April 2700 89200 May 3150 98500 June 1300 54000 July 3400 97000 Aug 1500 56000 Sept 2300 93000 Oct 2250 79000 a) What is the correlation coefcient? (round to 2 decimals) describe how you utilized excel to arrive at this number (recommended) or show the formula you utilized to arrive at this answer b) Is it a positive or negative correlation? c) Would you say it is a strong correlation, weak correlation or no correlation? What is the indicator that lead you to that conclusion? d) What is the linear equation (y = mx + b form) that best approximates the relationship between advertising dollars spent(x) and sales revenue(y) based on the above 8 months of data? (round to 2 decimals for the slope and the y intercept)_describe how you utilized excel to arrive at this equation (recommended) or show the formula you utilized to arrive at your equation LL:- 1 11.1 to I'QME Dashboard Calendar To Do Notifications Inbox