Kramer Smith owns a dry-cleaning service and is thinking about
changing his advertising expenditures for the year. He hires you as
a consultant to determine the relationship between sales, consumer
incomes, and advertising by means of multiple regression
analysis.

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Question: Kramer Smith owns a dry-cleaning service and is thinking about changing his advertising expenditu…
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Smith has gathered the sales, income, and
advertising data for the last year, as shown in Table 1.

Click
here to view Table 1.

Create a report answering the following
questions:

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