Shown below are the sales revenue and advertising cost data, Ask an Expert

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Shown below are the sales revenue and advertising cost data for seven companies published by International Advertising Age. COMPANY ADVERTISING ($ MILLIONS) SALES ($ BILLIONS)

Wal-Mart 1,073 351.1
Ford Motor 2,577 160.1
Airbus 4,898 68.2
Reuters Group 2,822 93.2
ATT 3,345 63.1
Fujifilm 829 91.7
Toyota 3,296 207.3

Use the above data to develop a regression line to predict the amount of advertising by sales. Compute the ‘r2' from the regression output.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9103772

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