Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X1 = display floor space (square meters), X2 = competitors’ advertising expenditures (thousands of dollars), X3 = advertised price (dollars per unit). Predictor Coefficient Intercept 1,209.14 FloorSpace 12.98 CompetingAds −6.856 Price −0.1473 Make a prediction for Sales when FloorSpace = 81, CompetingAds = 103, and Price = 1,317. (Enter your answer in thousands. Round your answer to 2 decimal places.)

Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X1 = display floor space (square meters), X2 = competitors’ advertising expenditures (thousands of dollars), X3 = advertised price (dollars per unit). Predictor Coefficient Intercept 1,209.14 FloorSpace 12.98 CompetingAds −6.856 Price −0.1473 Make a prediction for Sales when FloorSpace = 81, CompetingAds = 103, and Price = 1,317. (Enter your answer in thousands. Round your answer to 2 decimal places.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 4GP

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