Write a linear regression line for the data calculate the

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Reference no: EM13472747

The following data were collected on the study of the relationship between a company's retail sales and advertising dollars:

Retail Sales ($)	Advertising ($)
31,312	16,468
35,990	17,563
40,659	20,780
43,771	23,658
47,252	26,372
49,353	28,012
51,281	32,167
56,470	35,305
56,655	37,199
59,636	38,002

a. Obtain a linear regression line for the data.

b. Compute a correlation coefficient and determine the strength of the linear relationship.

c. Using the linear regression equation, develop a forecast of retail sales for advertising dollars of $40,108.

Reference no: EM13472747

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