Variables
a Sample of Eight Observations of Variables X and Y

question 105

Short Answer

Variables
A sample of eight observations of variables x and y is shown below: $$\begin{array} { | l | l l l l l l l l | } \hline x & 5 & 3 & 7 & 9 & 2 & 4 & 6 & 8 \\\hline y & 20 & 23 & 15 & 11 & 27 & 21 & 17 & 14 \\\hline\end{array}$$
-Find the best-fit line: $\hat{ Y }$ = ____________________.
Estimate the value of y when x = 5.

---

Definitions:

Marketing Plan

A comprehensive document or blueprint that outlines an organization's advertising and marketing efforts for the coming period, detailing strategies for reaching target markets.

Marketing Activities

Tasks and strategies undertaken by companies to promote and sell their products or services, including advertising, sales promotions, and public relations.

Marketing Channel Management

Involves overseeing the process by which goods and services are moved from producer to consumer, including distribution networks and retail outlets.

Four Ps

The primary components of the marketing mix: product, price, place, and promotion, used to market products and services.