Adventising levels for a small retail chain in philadelphia


The following data show dollar value of sales with corresponding adventising levels for a small retail chain in Philadelphia.

Advertising:$584 $386 $452 $635 $242 $328 $517

sales:$6445 $4015 $4822 $7017 $2848 $3888 $5554

e) Test whether a linear relationship exists between advertising and sales

f) Find the approximate p-value for the test statistics

g) Find the upper bound of a 95% confidence interval for the increase in the amount of sales per extra dollar in advertising.( to nearest $)

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Basic Statistics: Adventising levels for a small retail chain in philadelphia
Reference No:- TGS0863773

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