Question

SCATTERPLOT
Sales	Advertising Spend		Scenario:
$90,000.00	$54,000.00		The researhers want to know if there is a relationship between the pharmaceutical
$26,640.00	$15,984.00		sales revenue and the advertising spend. Prior to running a least squares regression,
$155,520.00	$93,312.00		you decide to create a SCATTERPLOT diagram, then insert a line of best fit and the
$90,000.00	$58,500.00		regression equation.
$270,720.00	$162,400.00
$43,920.00	$21,960.00
$120,960.00	$58,000.00		Please provide your interpretation of results. For example, you might want to describe the direction of
$296,640.00	$169,084.00		the relationship between the X and Y variables. You may also want to share your thoughts regarding
			the strength of the relationship. This will be reflected in how closely the data points cluster around the
			line of best fit. Finally, you would probably want to make reference to the r2, and narratively interpret
			this rate. You may also want to share some relevant descritpive statistics on the cars and revenues.

Answer 1