I 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 provide 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 March ADVERTISING $ 800 SALES $ 57000 April 2400 89100 May 3450 97500 June 1500 56000 July 3700 99000 Aug 1500 56000 Sept 2200 95000 Oct 2150 78800 c) Would you say it is a strong correlation, weak correlation, or no correlation? What is the indicator that led 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 e) What sales revenue would the company expect for the following advertising spending? Round to nearest cent show calculation a) 3000 b) 2100 c) 1300 f) If you were in charge of the advertising department how much would you spend on each of the next 4 months on advertising and how and why did you arrive at your decision? Nov Jan Feb March 2 Please give a brief explanation as to how and why you came up with your advertising spending for the above 4 months.