The document discusses a dataset containing advertising expenditures and impressions retained by viewers for 21 firms. Students are asked to plot the two variables on a graph and analyze the relationship between advertising expenditure and impressions retained, and determine if advertising pays based on the graph.
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Ebj3h4 Quiz1 2024
The document discusses a dataset containing advertising expenditures and impressions retained by viewers for 21 firms. Students are asked to plot the two variables on a graph and analyze the relationship between advertising expenditure and impressions retained, and determine if advertising pays based on the graph.
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QUIZ1
SUBJECT CODE: EBJ3P4
SUBJECT NAME: KOMPUTASI STATISTIKA TOPIC 1: The Nature of Regression Analysis Learning Outcome CLO 1. Students are able to understand the concepts and mechanisms of statistical computing and regression analysis. Think How to measure the risks and return Reference 1. Mark Berenson, et all 2018, Basic Business Statistics; Concepts and Applications (What’s New in Business Statistics). 14th editions. Pearson 2. Gujarati, D.N., Porter, C. 2009. Basic Econometrics. 5th Edition. McGraw-Hill Irwin, Boston Task / Activity The data presented in Table 1 were published in the March 1, 1984, issue of The Wall Street Journal. They relate to the advertising budget (in millions of dollars) of 21 firms for 1983 and millions of impressions retained per week by the viewers of these firms' products. The data are based on a survey of 4000 adults in which users of the products were asked to cite a commercial they had seen for the product category in the past week. TABLE 1 Impact of Advertising Expenditure Impressions, Expenditure, millions of Firm millions 1983 dollars 1 Miller Lite 32.1 50.1 2 Pepsi 99.6 74.1 3 Stroh’s 11.7 19.3 4 Fed’l Express 21.9 22.9 5 Burger King 60.8 82.4 6 Coca-Cola 78.6 40.1 7 McDonald’s 92.4 185.9 8 MCl 50.7 26.9 9 Diet Cola 21.4 20.4 10 Ford 40.1 166.2 11 Levi’s 40.8 27 12 Bud Lite 10.4 45.6 13 ATT/Bell 88.9 154.9 14 Calvin Klein 12 5 15 Wendy’s 29.2 49.7 16 Polaroid 38 26.9 17 Shasta 10 5.7 18 Meow Mix 12.3 7.6 19 Oscar Meyer 23.4 9.2 20 Crest 71.1 32.4 21 Kibbles ‘N Bits 4.4 6.1 a. Plot impressions are on the vertical axis, and advertising expenditure is on the horizontal axis. b. What can you say about the relationship between the two variables? c. Looking at your graph, do you think it pays to advertise?