7131596&id3D1001593722&snapshotld%3D189937 following estimated regression equation relating

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 6PPS
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#a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

AT Test For The Signific X
G how
many yards are in a mile-C x +
evo/index.html?EISBN=9780357131596&id3D1001593722&snapshotld%31899372&
E MINDTAP
Q Search this course
3 Chapters 12 and 13
OA shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures.
= 20+ 9aı + 7c2
where
#1= inventory investment ($1000s)
2 = advertising expenditures ($1000s)
y = sales ($1000s)
a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.
%24
b. Interpret b1 and by in this estimated regression equation.
b1: Sales can be expected to
- Select your answer - v by $9 for every dollar increase in
Select your answer
vwhen | - Select your answer-
is held constant.
62: Sales can be expected to
- Select your answer - by $7 for every dollar increase in
.
Select your answer -
V when
Select your answer
is held constant.
Check My Work (2 remaining)
0Icon Key
Exercise 15.04 Algo (Least Square Method)
* Question 6 of 9 »
Transcribed Image Text:AT Test For The Signific X G how many yards are in a mile-C x + evo/index.html?EISBN=9780357131596&id3D1001593722&snapshotld%31899372& E MINDTAP Q Search this course 3 Chapters 12 and 13 OA shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures. = 20+ 9aı + 7c2 where #1= inventory investment ($1000s) 2 = advertising expenditures ($1000s) y = sales ($1000s) a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000. %24 b. Interpret b1 and by in this estimated regression equation. b1: Sales can be expected to - Select your answer - v by $9 for every dollar increase in Select your answer vwhen | - Select your answer- is held constant. 62: Sales can be expected to - Select your answer - by $7 for every dollar increase in . Select your answer - V when Select your answer is held constant. Check My Work (2 remaining) 0Icon Key Exercise 15.04 Algo (Least Square Method) * Question 6 of 9 »
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