Question
Adoro is a medium size company that operates in Sudbury, Ontario. The company's products include gourmet olive oils, balsamic vinegars, salts and peppers, and many
Adoro is a medium size company that operates in Sudbury, Ontario. The company's products include gourmet olive oils, balsamic vinegars, salts and peppers, and many more. Adoro products can be purchased online or found in local retail stores in Sudbury, North Bay, Sault Ste. Marie, Timmins, and others. The marketing team is developing a new social media campaign and wants to determine the relationship between the length of the short commercial video and the new customers attracted. The following data based on eight videos is generated:
Video length (in seconds) Number of new customers
50 99
31 35
47 20
39 100
39 25
52 71
53 63
32 70
Required:
(a) State the independent and dependent variables (1 mark)
(b) Determine the regression equation (8 marks)
(c) Interpret the equation (2 marks)
(d) Based on the regression equation, estimate the number of new customers attracted by a commercial video of 60 seconds. (2 marks)
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