FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A regression analysis between sales (y) and advertising (x) resulted in the following least squares line: y = 70 +3x. This implies that if advertising

image text in transcribed
A regression analysis between sales (y) and advertising (x) resulted in the following least squares line: y = 70 +3x. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is Select one O $3.470 O $3,270 O 559 200 O $2.470

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting The Basis For Business Decisions

Financial And Managerial Accounting The Basis For Business Decisions

Authors: Jan Williams, Sue Haka, Mark S Bettner

13th Edition

0072942827, 978-0072942828

More Books

Students also viewed these Accounting questions

Question

★★★★★
A sample of 12 senior executives found the following results for percentage of total compensation derived from bonus payments: 15.8 17.3 28.4 18.2 15.0 24.7 13.1 10.2 29.3 34.7 16.9 25.3 a. Compute...

Answered: 1 week ago

Question

★★★★★
What are the key elements of the TQM approach? What is the driving force behind TQM?

Answered: 1 week ago

Question

★★★★★
1.46 Ages of Pennies, continued The data below represent the ages of a different set of 50 pennies, again calculated using AGE = CURRENT YEAR - YEAR ON PENNY. a. Draw a relative frequency histogram...

Answered: 1 week ago

Question

★★★★★
In 2013, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 2012, B & Bs inventories were $32 million (FIFO). B &...

Answered: 1 week ago

Question

★★★★★
it's about accounting Assume Mango. Co. Ltd. issued a mortgag e note payable for 1,000,000 yuan at 18% annual interest rate, the monthly installme nt is 16,000 yuan every month. Please sho w the...

Answered: 1 week ago

Question

★★★★★
\begin{tabular}{lrlr} \hline Cash & $1,800 & Home Decorating Fees & $2,800 \\ Accounts Receivable & 650 & Advertising Expense & 265 \\ Decorating Equipment & 1,325 & Repair Expense & 65 \\ Accounts...

Answered: 1 week ago

Question

★★★★★
You own a catering hall, and next Saturday, you have two events booked. At noon, you have a luncheon scheduled until 5:00, and then you have a Sweet 16 party, with guests scheduled to arrive at 7:00...

Answered: 1 week ago

Question

★★★★★
1. Explain the difference between manufacturing operations and service operations. 2. Provide a sample of a service organization. Reflection Activity R eflect by relating the university VMO with your...

Answered: 1 week ago

Question

★★★★★
Identity plays an important role in people's professions. In fact, people tend to derive a great deal of their identity from what they do. When some professions are identified as male and others as...

Answered: 1 week ago

Question

★★★★★
Scenario. Consider the following. FUN, a medium-sized (but rapidly expanding) INGO hires you to manage the organization's internal communications and external outreach initiatives. Based in...

Answered: 1 week ago

Question

★★★★★
The weekly cost of producing x shirts is given by the function C(x) = 2000 + 27x + 0.45x2. Find the marginal average cost function. Answer T'(x) =

Answered: 1 week ago

Question

★★★★★
How is workforce planning linked to strategic planning?

Answered: 1 week ago

Question

★★★★★
What would be your response to the publication of figures that showed an above-average turnover of students in a university/college department?

Answered: 1 week ago

Question

★★★★★
What are the various approaches to managing talent in times of recession?

Answered: 1 week ago

Previous Question Next Question