Course
ConceptLines of Regression of X on Y and Y on X Or Equation of Line of Regression
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Description
Questions
You are given the following information about advertising expenditure and sales:

Advertisement 

Expenditure (Rs. in lakh) (X) 
Sales (Rs. in lakh) (Y) 

Arithmetic mean 
10 
90 
Standard deviation 
3 
12 
Correlation coefficient between X and Y = 0.8.
(a) Obtain the two regression equations.
(b) What is the likely sales when the advertising budget is ? 15 lakh?
(c) What should be the advertising budget if the company