Question
11.6. A regional sales manager for a certain brand of electronics believes that the number of home smart speakers that is sold in a week
11.6. A regional sales manager for a certain brand of electronics believes that the number of
home smart speakers that is sold in a week (y) for a store in his area depends on the average number of customers the store gets (x1) and the number of other competitor brands within the store (x2). He found the regression equation to bey= 2.92 + 0.058x1 - 0.645x2.
a. Interpret the slope for x1.
b. A certain store recorded that it got 356 customers and had 4 competitor brands in stock.
What is the predicted number of home smart speakers that will be sold in the week?
c. A certain store recorded selling 28 speakers during a week that it got 356 customers and
had 4 competitor brands in stock. Compute the residual.
d. Interpret the residual in part c.
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