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Judith Thompson runs a florist shop and wants to evaluate the effectiveness of her newspaper advertising. Data from 5 weeks shows the advertising dollars spent and resulting sales volume. A regression equation can be developed from this data to model the relationship between advertising and sales. The coefficient of determination will show how well the regression model fits the data.

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mohed ahmed
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168 views1 page

HABEB111

Judith Thompson runs a florist shop and wants to evaluate the effectiveness of her newspaper advertising. Data from 5 weeks shows the advertising dollars spent and resulting sales volume. A regression equation can be developed from this data to model the relationship between advertising and sales. The coefficient of determination will show how well the regression model fits the data.

Uploaded by

mohed ahmed
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
Download as docx, pdf, or txt
Download as docx, pdf, or txt
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Aydid Mohamed Ahmed 2/21/2020

BSIT-1A
Quantitative Methods
Problem:
Judith Thompson runs a florist shop on the Gulf Coast of Texas, specializing in floral
arrangements for weddings and other special events. She advertises weekly in the local
newspapers and is considering increasing her advertising budget. Before doing so, she decides
to evaluate the past effectiveness of these ads. Five weeks are sampled, and the advertising
dollars and sales volume for each of these is shown in the following table. Develop a regression
equation that would help Judith evaluate her advertising. Find the coefficient of determination
for this model and explain the meaning of its value.

Solutions:

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