Consider the following sample data for the relationship betweenadvertising budget and sales for Product A: Observation 1 2 3 4 5 67 8 9 10 Advertising ($) 40,000 50,000 50,000 60,000 70,000 70,00080,000 80,000 90,000 100,000 Sales ($) 240,000 308,000 315,000358,000 425,000 440,000 499,000 494,000 536,000 604,000 What is theslope of the "least-squares" best-fit regression line? Please roundyour answer to the nearest hundredth. Note that the correct answerwill be evaluated based on the full-precision result you wouldobtain using Excel.
