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Steve Taylor is the owner of Home Plus, which i a chain of home improvement stores He would like to investigate the relationship between month advertising and monthly sales. The table below shows the amount spent on advertising, in millions of with the corresponding sales, also in millions of dollars. dollars, over several months alonyg Advertising Sales Month (S millions)(S millions) 12 21 Show your work: a) Determine the correlation coefficient for this data and interpret its meaning. b) Perform a hypothesis test to determine if the population correlation coefficient is different than zero using ? c) Calculate the regression line that will predict monthly sales based on the monthly advertising 0.05. d) Interpret the slope of the regression eqaation c) Predict the average number of sales for a month with $2 million spent on advertising ft) Calculate the total sum of squares, sum of squares error, and sum of squares regression. R) Calculate the coefficient of determination. Interpret the meaning of the coefficient of determination. i Test the significance of the coefficient of dctermination using a- 0.05 ) Calculate the standard error of the estimate. k) Calculate the 95% confidence interval for the average sales fora month where S4 milionwas spent on b) aas 8 9
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