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Essay Details:
Essay text:
slope: "RISE OVER RUN"
b. y intercept: THE VALUE OF Y WHEN X EQUALS 0
c. x intercept: THE VALUE OF X WHEN Y EQUALS 0
C. WORKING WITH LINEAR FUNCTIONS:
1. Estimating the Equation Model ? Simple Example:
You want to analyze the relationship between advertising expenditures
sales. You have been given the following information:
Month Advertising
Expenditures
Sales
May $ 6,000 $18,000
June $ 2,000 $10,000
July $ 4,000 $14,000
a. The Function:
b. The Slope:
c. The Y Intercept:
d. The X Intercept:
e. The Equation:
f. The Graph:
y
x
2. Projections using the estimated equation:
Month Projected
Advertising
Expenditures
Projected
Sales
August $ 5,000 $
Sept...
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