Create the ANOVA table using Excel or Minitab.
Consider the following data. X = Weekly Advertising expenditures and Y = Weekly Sales. |
(worth 24 points total) |
Y |
X |
1260 |
42 |
1390 |
55 |
1435 |
63 |
1435 |
55 |
1460 |
49 |
1310 |
47 |
1410 |
63 |
1520 |
62 |
1585 |
65 |
1660 |
72 |
a) Create the ANOVA table using Excel or Minitab.
b) What is the prediction equation? ?
c) What is your prediction of sales if you spend $50 on advertising? ?
d) Does the amount of advertising expenditures have any relationship to sales?