MGT207 Business Statistics

Business StatisticsTU Board 2079

The following two way table shows the sales revenue (in lakhs Rs.) and advertising expenditure (in lakhs Rs.) of a company. Find correlation coefficient between them and interpret the result. Also…

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The following two way table shows the sales revenue (in lakhs Rs.) and advertising expenditure (in lakhs Rs.) of a company. Find correlation coefficient between them and interpret the result. Also test the significance of correlation coefficient. Estimate the sales revenue when advertising expenditure is Rs. 50 lakhsSales Revenue (in lakhs Rs)Advertising Expenditure (in lakhs Rs)5-1515-2525-3535-45Total75-125344819125-175865726175-225223411225-275332210Total1615142166

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