Question 1
Paper 2, calculatorHard6 marksA small business records its advertising expenditure, in hundreds of dollars, and the number of enquiries received in a week, for five weeks.
| 1 | 3 | 5 | 7 | 9 | |
|---|---|---|---|---|---|
| 3 | 8 | 4 | 10 | 6 |
(a)[2]
Determine the regression line of on giving its coefficients to three significant figures.
(b)[1]
Use your regression line from part (a) to estimate the advertising expenditure when Give your answer in hundreds of dollars.
(c)[3]
A manager wishes to estimate when She rearranges the line from part (a) and obtains
Determine a regression estimate you would use instead, and explain why the manager’s value should not be treated as the regression estimate for predicting from