Question
The following table shows the information as:
| Statistical Measures | Advertisement Expenditure (X) (Rs. Lakhs) | Sales (Y) (Rs Lakhs) |
|---|---|---|
| Mean | 20 | 100 |
| Standard Deviation | 03 | 12 |
. Then find
(i) the expected advertising expenditure of the company if sale is Rs. 125 lakhs, and
(ii) the expected sales of the company if the advertising expenditure is Rs 32 lakhs.
Answer :
Word Count : 200
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Skip in 10
We are given: [ \bar{X} = 20, \quad \bar{Y} = 100, \quad \sigma_X = 3, \quad \sigma_Y = 12, \quad r = 0.8 ] We will use the formulas for regression lines: 1. Regression of (X) on (Y): [ X - \bar{X} = r \frac{\sigma_X}{\sigma_Y} (Y - \bar{Y}) ] 2. Regression of (Y) on (X): [ Y - \bar{Y} =
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