The estimated regression equation to predict sales based on advertising is

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
icon
Related questions
Question
plz solve both parts within 30-40 mins I'll give you multiple upvote
A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising
can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales
and advertising information from several of the companies for 2013 ($ millions).
ywSales xAdvertising
148
12.5
80
8.
338
21.6
900
60
541
37.6
100
150
16.8
379
41.2
The estimated regression equation to predict sales based on advertising is
80
8
338
21.6
900
60
541
37.6
100
150
16.8
379
41.2
The estimated regression equation to predict sales based on advertising is
A, Round to 2 decimal places
Transcribed Image Text:A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2013 ($ millions). ywSales xAdvertising 148 12.5 80 8. 338 21.6 900 60 541 37.6 100 150 16.8 379 41.2 The estimated regression equation to predict sales based on advertising is 80 8 338 21.6 900 60 541 37.6 100 150 16.8 379 41.2 The estimated regression equation to predict sales based on advertising is A, Round to 2 decimal places
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill