Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

= Based on the equation Y 4.29 + 143.3X , Sales(Y) is in Units of $1000.00 and Advertising(X) is in Units of $100. What are

image text in transcribedimage text in transcribed

= Based on the equation Y 4.29 + 143.3X , Sales(Y) is in Units of $1000.00 and Advertising(X) is in Units of $100. What are Sales when $2,853.00 is spent on advertising? Submit Answer format: Currency: Round to: 2 decimal places. Based on the equation Y = 4.29 + 143.3X , Sales(Y) is in Units of $10,000.00 and Advertising(X) is in Units of $100. What are Sales when $3,804.00 is spent on advertising? Submit Answer format: Currency: Round to: 2 decimal places. Interpret coefficient -6 from the regression equation: y = 100 - 6X where y is number of donuts sold and x is price. So on an average, if price increases by one dollar, the number of donuts sold: a) Increases by 94 b) Decreases by 6 C) Is 6 times higher than before d) Increases by 6 Submit Answer format: Text

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions