document.write( "Question 918876: 1. A pharmaceutical company is investigating the relationship between advertising expenditures and the sales of some over-the-counter (OTC) drugs wherein it is believed that the sales are dependent on how rigorous advertising was/is. The following data represents a sample of 10 common OTC drugs.\r
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document.write( "Note that Advertising and sales are measured in millions of Pula.\r
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document.write( "Advertising Sales
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document.write( "22 64
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document.write( "25 74
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document.write( "29 82
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document.write( "35 90
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document.write( "38 100
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document.write( "42 120
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document.write( "46 120
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document.write( "52 142
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document.write( "65 180
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document.write( "88 230\r
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document.write( "1. Explain the strength of relationship between the observed variables (3)
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document.write( "2. What would be the value of sales when there are no advertising expenditure (2)
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document.write( "3. Use the line of best fit to predict the Sales if Advertising dollars = P50 million (4)
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document.write( "4. Calculate the slope and explain what it means in the words of the problem (3)
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Algebra.Com's Answer #557333 by ewatrrr(24785)![]() ![]() You can put this solution on YOUR website! Using scatter plot function Excel \n" ); document.write( " ![]() \n" ); document.write( "1. Explain the strength of relationship between the observed variables (3) R^2 = .9927 Strong relationship \n" ); document.write( " 2. What would be the value of sales when there are no advertising expenditure (2) $6.629M \n" ); document.write( " 3. Use the line of best fit to predict the Sales if Advertising dollars = P50 million (4) y = 2.5695(50) + 6.629 \n" ); document.write( " 4. Calculate the slope and explain what it means in the words of the problem (3) m ~ 2.6 Increaed Advertising Increases Sales \n" ); document.write( " |