Q75
You are given the following information about advertising expenditure and sales. Advertisement (X) Sales (Y) (Rs. in lakh) Arithmetic Mean 10 90 Standard Deviation 3 12 Correlation coefficient between advertising expenditure and sales 0.80. What is the likely sales for advertising budget of Rs. 15 lakh?
You are given the following information about advertising expenditure and sales.
Correlation coefficient between advertising expenditure and sales 0.80. What is the likely sales for advertising budget of Rs. 15 lakh?
| Advertisement (X) | Sales (Y) (Rs. in lakh) | |
| Arithmetic Mean | 10 | 90 |
| Standard Deviation | 3 | 12 |
A.
Rs. 120 lakh
B.
Rs. 106 lakh
AnswerC.
Rs. 58 lakh
D.
Rs. 48 lakh
Answer: Option B
Solution
Answer: Option B
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