The owners of an e-business have been successful in selling
fashion products but are now venturing into another domain. Knowing
that the impact of advertising on profit cannot be overemphasized,
they are interested in determining the right amount to allocate to
advertising for the new business. Based on a monthly report from
the fashion e-business, a regression analysis of monthly profit (in
thousands of dollars) on advertising spending (in hundreds of
dollars) produced the following results: slope y-intercept r 1.26...
The owners of an e-business have been successful in selling
fashion products but are now venturing into another domain. Knowing
that the impact of advertising on profit cannot be overemphasized,
they are interested in determining the right amount to allocate to
advertising for the new business. Based on a monthly report from
the fashion e-business, a regression analysis of monthly profit (in
thousands of dollars) on advertising spending (in hundreds of
dollars) produced the following results:
slope
yy-intercept
rr
1.26...
The owners of an e-business have been successful in selling
fashion products but are now venturing into another domain. Knowing
that the impact of advertising on profit cannot be overemphasized,
they are interested in determining the right amount to allocate to
advertising for the new business. Based on a monthly report from
the fashion e-business, a regression analysis of monthly profit (in
thousands of dollars) on advertising spending (in hundreds of
dollars) produced the following results:
slope
yy-intercept
rr
1.26...