You work at Andy’s Burger Barn, a burger chain. Your boss, A…

You work at Andy’s Burger Barn, a burger chain. Your boss, Andy, has asked you to determine the relationship between advertising and sales using regression analysis. The table below contains data on monthly sales revenues (Sales) and expenditures on advertising (Advert). Both Sales and Advert are measured in thousands of dollars. Which of the regression models would be most appropriate to estimate the monthly sales revenues using expenditures on advertising?

Larsen Films’ is analyzing its cost structure. Its fixed ope…

Larsen Films’ is analyzing its cost structure. Its fixed operating costs are $470,000, its variable costs of $2.80 per unit produced, and its products sell for $4.00 per unit. What is the company’s breakeven point, i.e., at what unit sales volume would income equal costs? exam spreadsheet for final exam.xlsx