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Question 43 40 pts Luxury Cruise Lines has a fleet of ships that travels to Alaska repeatedly every summer (and elsewhere during the other times
Question 43 40 pts Luxury Cruise Lines has a fleet of ships that travels to Alaska repeatedly every summer (and elsewhere during the other times of the year). A considerable amount of advertising is done each winter to help generate enough passenger business for that summer. With the coming of a new winter, a decision needs to be made about how much advertising to do this year. The following table shows the amount of advertising (in thousands of dollars and the resulting sales (in thousands of passengers booked for a cruise) for each for the past five years. Forecast the sales that would be attained by expending $300,000 on advertising. Also include a graph with your calculation trendline, equation and r-squared value. Name spreadsheet Luxury Cruise Lines and upload to Blackboard. Amount of Sales (thousands of advertising passengers) ($1,000s) 225 16 400 21 350 20 275 17 450 23
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