Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nemi's problem is to analyze the effect of Advertisement on sales. Firstly, He wants to understand the presence of a linear relationship between the sales

Nemi's problem is to analyze the effect of Advertisement on sales. Firstly, He wants to understand the presence of a linear relationship between the sales and 'amount spent in advertisement'. He also wants to run a correlation and regression to know whether he should keep spending money on Advertisements or not. If sales figures are not affected by advertisement, he should not spend money on it. So, take the EXCEL output of the following and write the interpretation. Appropriate type of Graph which can exhibit the linear relation b/w variables. Karl Pearson's Correlation Coefficient Regression Analysis Graph that shows predicted v/s actual sales figures. Region code Sales (INR 000s) Advertising (TV spots per month) (in INR, 000s) 1 260.3 5 2 286.1 7 3 279.4 6 4 410.8 9 5 438.2 12 6 315.3 8 7 565.1 11 8 570.0 16 9 426.1 13 10 315.0 7 11 403.6 10 12 220.5 4 13 343.6 9 14 644.6 17 15 520.4 19 16 329.5 9 17 426.0 11 18 343.2 8 19 450.4 13 20 421.8 14

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

Discrete Mathematics Mathematical Reasoning And Proof With Puzzles, Patterns, And Games

Authors: Douglas E Ensley, J Winston Crawley

1st Edition

1118226534, 9781118226537

More Books

Students also viewed these Mathematics questions