In working for a local retail store you have developed the following estimated regression equation: y 22,167
Question:
In working for a local retail store you have developed the following estimated regression equation:
yˆ 22,167 412x1 818x2 93x3 71x4 where:
y Weekly sales x1 Local unemployment rate x2 Weekly average high temperature x3 Number of activities in the local community x4 Average gasoline price
a. Interpret the values of b1, b2, b3, and b4 in this estimated regression equation.
b. What is the estimated sales if the unemployment rate is 5.7%, the average high temperature is 61°, there are 14 activities, and gasoline average price is $1.39?
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Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
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Related Book For 
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith
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