Question 13 Marks
The following information is obtained for monthly advertisement cost and the sales of the last year for a company providing online shopping.
Obtain the regression line of the sales on the advertisement cost.
| particulars | Advertisement cost $($Ten thousand$)$ | Sales $($Lakh $₹)$ |
| mean | $10$ | $90$ |
| Standard deviation | $3$ | $12$ |
| $r = 0.8$ | ||
Answer
View full question & answer→$\hat{y}=58+3.2 x$