Philip Beal Statistics set 3 Homework AMBA 600 – Section 9046 Dr. Susan Malone Sep 8, 2015 Problem Set: Question 1 1. The University of Maryland…

2. A CEO of a large pharmaceutical company would like to determine if the company should be placing more money in the budget next year for television advertising of a new drug for controlling diabetes. He wonders whether there is a strong relationship between the amount of money spent on television advertising for this new drug called DIB and the number of orders received. The manufacturing process of this drug is very difficult and requires stability, so the CEO would prefer to generate a stable number of orders. The cost of advertising is always an important consideration in the phase I roll-out of a new drug. Data that have been collected over the past 20 months indicate the amount of money spent of television advertising and the number of orders received.

I Need to check my regression answer too. Since you are really good maybe you can help. I need a quick turnaround since my paper is due tonight.

The answers I am looking at are sheet 2 in the attached excel. 

Thank you.