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The Best Delivery Corporation has collected the following set of data on Dollars spent on advertisement and the number of units sold in the same
- The Best Delivery Corporation has collected the following set of data on Dollars spent on advertisement and the number of units sold in the same period. ESTABLISH a scatter plot. Indicate if there is any correlation. If so add a trend line and get the equation of the line. Is a linear trend line a good fit?
Sales in units
10 280
15 250
5 220
35 400
20 380
25 360
30 320
40 450
50 500
55 700
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