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A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures. where y^=30+11x1+6x2 x1x2y=inventoryinvestment($1000s)=advertisingexpenditures($1000s)=sales($1000s) a. Predict the sales resulting

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A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures. where y^=30+11x1+6x2 x1x2y=inventoryinvestment($1000s)=advertisingexpenditures($1000s)=sales($1000s) a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000. 8 b. Interpret b1 and b2 in this estimated regression equation. b1 : Sales can be expected to constant: by $11 for every dollar increase in b2 : Sales can be expected t constant: by $6 for every dollar increase in A. shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures. where y^=30+11x1+6x2 x1=inventoryinvestment($1000s)x2=advertisingexpenditures($1000s)y=sales($1000s) a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000. 3 b. Interpret b1 and b2 in this estimated regression equation. b1= Sales can be expected to constant. by $11 for every dollar increase in b2 : Sales can be expected to constant. by $6 for every dollar increase I A shoe store developed the following estimated regression equation refating sales to inventory investment and advertising expenditures. where y^=30+11x1+6x2 x1=inventoryinvestment($1000s)x2=advertisingexpenditures($1000s)y=sales($1000s) a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000. $ b. Interpret b1 and b2 in this estimated regression equation. b1: Sales can be expected to constant by $11 for every dollar increase in b2 : Sales can be expected to constant

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