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Salley Marshal is a manager at the Flinstones, she is checking to see if there is any relationship between promotional costs and ticket revenues at

Salley Marshal is a manager at the Flinstones, she is checking to see if there is any relationship between promotional costs and ticket revenues at the sports stadium. She obtains the following data for the past 9 motnhs.

Month Ticket Revenues Promotional Costs
april $ 221,000.00 $ 55,000.00
May $ 290,000.00 $ 68,000.00
June $ 340,000.00 $ 83,000.00
July $ 501,000.00 $ 93,000.00
August $ 450,000.00 $ 103,000.00
September $ 470,000.00 $ 113,000.00
October $ 560,000.00 $ 123,000.00
November $ 691,000.00 $ 183,000.00
December $ 756,500.00 $ 200,000.00

She estimates the following regression equation:

Ticket Revenues = $39502 + ($3.60 X Promotional Costs)

1) Plot the relationship between promotional costs and ticket revenues. Also draw the regression line and evaluate it using the criteria of economic plausibility, goodness of fit, and slope of the regression line?

Thank you!! Please include all the set up on how to do this on Excel. I am very confused. Please do step by step.

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