Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March).

An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March). The model is good for 90 days, where x is the day. The model can be written as follows:

= 103.38 + 2.45x

where is in thousands of dollars.What would you predict the sales to be on day 30? (Enter an exact number as an integer, fraction, or decimal.) thousand dollars

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

College Algebra

Authors: Mark Dugopolski

5th Edition

0321899822, 9780321899828

More Books

Students also viewed these Mathematics questions

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago