Question
Question 7 (a) Explain what bivariate means. (1) (b) Using the data in the frequency table below compute the correlation coefficient between advertising expenditure and
Question 7 (a) Explain what bivariate means. (1) (b) Using the data in the frequency table below compute the correlation coefficient between advertising expenditure and sales. The data represent the number of months in which advertising expenditure was in a particular class AND sales were in a certain range. (17) (c) Interpret the result, explaining what the coefficient of determination means and how it can be used. (2) [20] Sales (R'000s) 10-19 20-29 30-39 40-49 50-59 100-199 12 3 0 2 0 Ad. expend. 200-299 0 8 3 4 0 (R'00s) 300-399 3 5 14 2 3 400-499 0 8 8 20 5 500-599 0 2 12 13 28
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started