| | | Selects MINUTES as | |
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| * | SALES as |
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| current |
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| model, and displays |
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| FRCST menu. |
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| Correlation coefficient for | |
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| linear model. |
The correlation coefficient calculated above is acceptable to BJ’s. Using the linear model, estimate what the level of sales would be if the business purchased 7 minutes of advertising time per week.
7 | | | Stores 7 in variable | ||
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| MINUTES. |
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| | Forecasts the sales |
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| resulting from 7 minutes of |
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| radio advertising. |
How many minutes of advertising should BJ’s buy if it wants to attain sales of $3,000?
3000 |
| | | The business should buy | ||
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| | about 6 minutes of |
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| advertising for sales of |
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| $3,000.† |
*If the model named here is not the one you want to use, press and select the one you want.
†This result is not the same as it would be if SALES were the independent (x) variable, and MINUTES were the dependent (y) variable.
10: Running Total and Statistics 137
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