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Challenge activities CHALLENGE ACTIVITY 3.3.1: Interpreting R 523590 3841194.qx3zqy7 Jump to level 1 A small business is trying to determine the effect of a social
Challenge activities CHALLENGE ACTIVITY 3.3.1: Interpreting R 523590 3841194.qx3zqy7 Jump to level 1 A small business is trying to determine the effect of a social media marketing campaign on sales. The plot below shows the relationship between the social media advertising costs and sales revenue. The linear regression output is shown below. Sales revenue (in dollars) 100000 R 50000 150000 0 10000 R = Ex: 0.654321 Chec Moderate Strong Weak 15000 20000 Social media advertising costs (in dollars) What is the correlation between advertising costs and sales revenue? Pick correlation Pick Ext 25000 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 2 0.627615 0.393901 0.372254 22633.47 30 Feedback?
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