Intercontinental Bakeries Company (IBC) is worried. The company has been teetering on the brink of failure for months,and its oldest and best-selling branded product, Thunder Bread, seems to be failing. IBC has reduced prices of ThunderBread to try to stimulate sales, but troubles with IBC's unionized truck drivers have been rumored to result in breaddeliveries to supermarkets and other stores being delayed, sometimes up to three weeks. Reports have begun surfacingof angry customers demanding refunds and complaining that the bread is stale.otionIBC is worried about customer satisfaction with Thunder Bread and wants to identify factors that predict it. IBC stationedsurveyors at 30 supermarkets throughout the nation, and these surveyors recorded those stores' retail price for ThunderBread. Then the surveyors interviewed the first customer of the day who bought Thunder Bread. They offered to buy thecustomer two replacement loaves of Thunder Bread in exchange for the customer opening their newly bought loaf ofbread, eating a couple of slices, and then giving the surveyor their ratings of the product's freshness (this was dummycoded 0 = stale, 1 = fresh) and their satisfaction with the product on a five-point Likert scale (1 = very dissatisfied, 2 =somewhat dissatisfied, 3 = neither satisfied nor dissatisfied, 4 somewhat satisfied, 5 = very satisfied). Here are the results%3D%3D%3D%3Dof the data collection:SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted R SquareStandard Error0.61047890.3726844870.3262166711.194063432Observations30ANOVAdfSSMSFSignificance F22.87040469 11.43520235 8.02027125538.49626198 1.425787481Regression20.001845276Residual27Total2961.36666667Coefficients Standard Errort StatP-valueLower 95%Upper 95%Lower 95.0% Upper 95.0%InterceptFreshness RatingLoaf Price3.251290137 0.272001146 0.787690332 -5.786741679 7.555450963 -5.786741679 7..5554509630.449850304 3.950606811 0.0005042751.91286417 0.181027561 0.037698003 -3.578591942 4.271154213 -3.578591942 4.2711542130.8843546421.7771816760.854165094 2.7001982580.854165094 2.7001982580.3462811367. What is the predicted value of customer satisfaction at a loaf price of $1.85 and a freshness rating of "fresh"? (1 point)

The regression line is given by y = 0.8844 + 1.777Rating + 0.3463Price

Answered: 7. What is the predicted value of…

7. What is the predicted value of customer satisfaction at a loaf price of $1.85 and a freshness rating of "fresh"? (1 point)

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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