A study on the sales (Y=no. of units sold) and the price (X, in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept Price 0.7727 0.5971 0.870626578 1.086529053 df Coefficients 20 SS MS F Significance F 1 152.1271 152.1271 128.8617 1.2273E-09 18 21.24982 1.180545 19 173.3769 SE t Stat P-value Lower 95% L 2259 1.593473 46.61723 3.17E-20 70.9355509 -1418 1.316758 11.35173 1.23E-09 12.1810733 According to this model, how many units will be sold, on the average, when the price of the item is Php1.10? 699.2 1066.9 3902.9 3818.8
A study on the sales (Y=no. of units sold) and the price (X, in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept Price 0.7727 0.5971 0.870626578 1.086529053 df Coefficients 20 SS MS F Significance F 1 152.1271 152.1271 128.8617 1.2273E-09 18 21.24982 1.180545 19 173.3769 SE t Stat P-value Lower 95% L 2259 1.593473 46.61723 3.17E-20 70.9355509 -1418 1.316758 11.35173 1.23E-09 12.1810733 According to this model, how many units will be sold, on the average, when the price of the item is Php1.10? 699.2 1066.9 3902.9 3818.8
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
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