The following data 2022 o expenditure in the advertisement expenditure and sales of products manufactured by a company: Advertisement 1 1.75 1.25 2. 2.5 3.5 Rs. lakhs Sales in Rs. 10 12 11 12 14 20 lakhs Obtain a linear regression equation of sales on advertisement expenditure and estimate the sales if the advertisement expenditure is B

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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Question
2
6026
The following data show the advertisement expenditure and sales of products manufactured by a company:
Advertisement 1
2022
1.75
1.25
2.
2.5
3.5
expenditure in
Rs. lakhs
Sales in Rs.
10
12
11
12
14
lakhs
Obtain a linear regression equation of sales on advertisement expenditure and estimate the sales if the advertisement expenditure is Rs. 4
lakhs.
20
Transcribed Image Text:6026 The following data show the advertisement expenditure and sales of products manufactured by a company: Advertisement 1 2022 1.75 1.25 2. 2.5 3.5 expenditure in Rs. lakhs Sales in Rs. 10 12 11 12 14 lakhs Obtain a linear regression equation of sales on advertisement expenditure and estimate the sales if the advertisement expenditure is Rs. 4 lakhs. 20
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