Regression Type of Advertising Costs and Income
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The following data is given:
TYPE OF ADVERTISING MY COST MY INCOME
Local Newspaper $120 $1,100
"Thrifty Dime" $25 $600
Church Bulletins $40 $500
Flyers $60 $800
"Cheese Cake Man" $80 $1,000
Using the process of linear regression, find the equation of the line and calculate the Linear Correlation Coefficient and equation of the least squares line.
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Solution Summary
Regression types of advertising costs and income are determined.
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