SOLUTION: I am lost on this question. Thanks for all of your help! Company A is a microcomputer producer. The following data represents Company A�s yearly sales volume and its advertisin

Question 868090: I am lost on this question. Thanks for all of your help!
Company A is a microcomputer producer. The following data represents Company A�s yearly sales volume and its advertising expenditures over a period of 8 years. Sales in millions of dollars and advertising is in $10,000.
1993 15 32
1994 16 33
1995 18 35
1996 17 34
1997 16 36
1998 16 36
1999 19 39
2000 24 42
Using the method of least squares, what is the estimated regression line between sales and adverting, and the predicted sales in dollars, with an advertising expenditure of $400K actual dollars as scaled to 40.
a. Sales=-10.4211 =.7895 Advertising: Sales $315,790
b. Advertising= 16.7143 + 1.0714 Sales: Sales $59.57 Million
c. Sales=.7895 + 10.421 Advertising: Sales $416.63 Million
d. Sales= -10.4211 + .7895 Advertising: Sales= $21.16 Million
e. None of the Above

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Excel Scatter Plot Results

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