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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
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).
y=sales x=advertising
148 12.5
55 3.7
338 21.6
994 60
541 37.6
89 6.1
126 16.8
379 41.2
The estimated regression equation to predict sales based on advertising is
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