Following are given information about advertising expenditure and sales.Advertisement expenditure (₹ in lakh) (X)Sales (₹ in lakh) (Y)Arithmetic mean1090Standard deviation312Correlation coefficient between \(X\) and \(Y\) is 0.8(a) Obtain the regress…
Q.5 (A) (ii) Following are given information about advertising expenditure and sales.
| Advertisement expenditure (₹ in lakh) (X) | Sales (₹ in lakh) (Y) | |
|---|---|---|
| Arithmetic mean | 10 | 90 |
| Standard deviation | 3 | 12 |
Correlation coefficient between \(X\) and \(Y\) is 0.8
(a) Obtain the regression of \(Y\) on \(X\)
(b) What is the likely sales when the advertising budget is ₹15 lakh?