Answer to Question #39582 in Economics of Enterprise for marvi

Question #39582

A manager wants to determine the relationship between the firm's advertising expenditures and its sales revenue from the following data:
Advertising Expenditures 10 9 11 12 11 12 13 13 14 15
Sales Revenue 44 40 42 46 45 52 54 58 56 60
Use the regression analysis to calculate by hand the estimated co-efficient of the equation Y=B+aX
Compute the standard error and the t-statistics for the co-efficient of X.

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