A farm supply store manager wants to predict monthly sales,…
A farm supply store manager wants to predict monthly sales, Y, for her company using advertising expenditures, X. She has collected 10 months of data on past performance as shown in the following table. Advertising expenditures, in thousands of dollars, X Monthly sales, Y XY X2 Y2 1.2 101 121.2 1.44 10,201 0.8 92 73.6 0.64 8,464 1.0 110 110.0 1.00 12,100 1.3 120 156.0 1.69 14,400 0.7 90 63.0 0.49 8,100 0.8 82 65.6 0.64 6,724 1.0 93 93.0 1.00 8,649 0.6 75 45.0 0.36 5,625 0.9 91 81.9 0.81 8,281 1.1 105 115.5 1.21 11,025 TOTAL 9.4 959 924.8 9.28 93,569 Find the Y-intercept of the regression line for the regression of Y on X.