Question
You are writing a paper for your Finance class and have come across the following information that you will include in your paper as your
You are writing a paper for your Finance class and have come across the following information that you will include in your paper as your third graph. The information is concerning nonvideo Toy Sales in England in brick and mortar stores, from 2014-2019, for major stores that increased their advertising budgets by 25% or more over that time period. Quantity (Q) is measured in tens of millions of toys sold and Price (P) is the price of the toy measured in British Pounds. The Wall Street Journal article that included the data was entitled "Selling British Children's Toys While Battling Amazon." The article was written by Bruce Rennert and was published on pages 38-40 in the June 14, 2020 hard copy edition of the paper.
The data is below:
Q72 635445 36 27 18 90
P 15 20 25 30 35 40 45 50 55
a. Clearly and accurately construct a line graph using Excel based on all the information above.
b. Calculate the slope of the line you have graphed. Show all work. You may not use the end points.
c. Interpret the slope of the line you graphed. In your interpretation be certain to mention what type of relationship this is and, very specifically, explain what the number is telling us about the behavior of the variables relative to each other.
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