Nemi Mehta is owning 50 Hectares of land near Junagadh. On his Farm,
he cultivates Giloy, which is a medicinal plant in Ayurveda. The
below-given table shows the sales of ‘Giloy Vati’ that his team is
preparing as per one Ayurveda script (book), and the amount they spend
on the Advertisement of itNemi’s problem is to analyze the effect of
Advertisement on sales. Firstly, He wants to understand the presence
of a linear relationship between the sales and ‘amount spent in
advertisement’. He also wants to run a correlation and regression to
know whether he should keep spending money on Advertisements or not.
If sales figures are not affected by advertisement, he should not
spend money on it. So, take the EXCEL output of the following and
write the interpretation. Appropriate type of Graph which can exhibit
the linear relation b/w variables. Karl Pearson’s Correlation
Coefficient Regression Analysis Graph that shows predicted v/s
actual sales figures.
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