Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A small Internet company wants to determine how the money they spend on Google Adwords Impacts their monthly revenue. Over 6 consecutive months, they vary

image text in transcribedimage text in transcribed
A small Internet company wants to determine how the money they spend on Google Adwords Impacts their monthly revenue. Over 6 consecutive months, they vary the amount they spend on their Adwords campaign (in dollar) and record the associated revenue (in dollar) for each month. The data is shown below. Assignment 10:12 data a) Develop a regres your answer to two decimal places. dicting monthly revenue based on the amount spent with Adwords. What is the y-intercept'? Give b) What is the proper Interpretation of the y-intercept in the regression equations? -'\"'- The y-intercept describes the expected revenue if the company does not spend any money in a given month on Adwords. F\": The y-intercept describes the expected revenue if the company spends $25 in a given month on Adwords. F\": The y-intercept describes the expected decrease in revenue for each additional dollar spent on Adwords. F\": The y-intercept describes the expected increase in revenue for each additional dollar spent on Adwords. c) What is the sample correlation between these two variables? Give your answer to two decimal places. d) What is the slope of your regression equation? Give your answer to two decimal places. e) Using a 0.05 level of signicance, does this regression equation appear to have any value for predicting revenue based on Adwords expenditures? -\"\"- No because there is a signicant linear relationship between the two quantities. r\". No because there is not a signicant linear relationship between the two quantities. r\". Yes because there is not a signicant linear relationship between the two quantities. r\". Yes because there is a significant linear relationship between the two quantities.

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

Stability Analysis Of Nonlinear Systems

Authors: Vangipuram Lakshmikantham, Srinivasa Leela, Anatoly A Martynyuk

2nd Edition

3319272004, 9783319272009

More Books

Students also viewed these Mathematics questions

Question

What is the return on stockholders' equity (after tax) ratio?

Answered: 1 week ago