Exercise 2An organisation is using linear regression analysis to establish an equation that shows a relationship between advertising expenditure and sales. It will then use the equation to predict sales for given levels of advertising expenditure. Data for the last five periods are as follows:What are the value of ‘∑x’ , ‘∑y’ and ‘ n’ that need to be inserted into the appropriate formula?
A. $600,000 $100,000 5
B. $100,000 $600,000 5
C. $600,000 $100,000 10
D. $100,000 $600,000 10