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

Question

1 Approved Answer

Based on the regression output below, where intercept is sales. If the company considers spending 1000 on facebook advertisement, how much do you think the

Based on the regression output below, where intercept is sales. If the company considers spending 1000 on facebook advertisement, how much do you think the sales may change, between what range?

image text in transcribed
SUMMARY OUTPUT Regression Statistics Multiple R 0.422637813 R Square 0.178622721 Adjusted R Square 0.170873879 Standard Error 207682.1432 Observations 108 ANOVA df SS MS F Significance F Regression 1 9.94256E+11 9.94256E+11 23.0515366 5.20218E-06 Residual 106 4.57198E+12 43131872609 Total 107 5.56623E+12 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 145937.9643 22583.30755 6.462205062 3.21858E-09 101164.3606 190711.5681 101164.3606 190711.5681 facebook 160.8328669 33.49846164 4.801201579 5.20218E-06 94.41890861 227.2468253 94.41890861 227.2468253

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

Elementary Linear Algebra Applications Version

Elementary Linear Algebra Applications Version

Authors: Howard Anton, Chris Rorres

11th Edition

1118879163, 9781118879160

More Books

Students also viewed these Mathematics questions

Question

★★★★★
If f(x) = mx + b is a linear function, then f'(x) = m. In Problem, discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample.

Answered: 1 week ago

Question

★★★★★
=+a. Do the two histograms give different impressions about the distribution of values?

Answered: 1 week ago

Question

★★★★★
=+35. E-trust. Online retailers want customers to trust their websites and want to alleviate any concerns potential customers may have about privacy and security. In a study investigating the factors...

Answered: 1 week ago

Question

★★★★★
1. Name the constraints and indicate whether each is present, future, internal, external, mandatory, or desirable. 2. Explain why it is important to define the payroll projects scope. Explain how to...

Answered: 1 week ago

Question

★★★★★
MA 1 6 " . . ; ) , ; NoSuchElementException; { ; ; ( ) { NoSuchElementException ( ) ; } ( ) { , = ; = ( ) ; } ( ) { ; } ( ) { contactNameDon't SolvetoLowerCase ( ) , : 1 ( ) ; } ( ) { ( ) ; }...

Answered: 1 week ago

Question

★★★★★
Using the above table on church attendance and homosexual relationships, which is thedependent variable?

Answered: 1 week ago

Question

★★★★★
You require 4.300 kg prepared carrots for service. The trimming loss for carrots is 14%. What quantity of raw carrots will you require for preparation? Enter your answer to 3 decimal places, e.g....

Answered: 1 week ago

Question

★★★★★
How does the battery from Tesla cars negatively impact the environment? Does Tesla negatively impact the environment at all? If so, how? What could Tesla do to help solve these impacts?

Answered: 1 week ago

Question

★★★★★
United States Motors Inc. (USMI) manufactures automobiles and light trucks and distributes them for sale to consumers through franchised retail outlets. As part of the franchise agreement,...

Answered: 1 week ago

Question

★★★★★
What is the financial viability of Western Union in the current international financial environment? (i.e., the last 2 to 3 years)

Answered: 1 week ago

Question

★★★★★
If you have further questions, kindly ask. This is about share options On January 1, 2019, Symphony grants its president the right to choose either 10,000 ordinary shares or to receive cash payment...

Answered: 1 week ago

Question

★★★★★
We say tha leadership involves influencing organized groups toward goals. Do you see any disadvantages to restricitng the definition to organized groups? How would you define leadership? Do you think...

Answered: 1 week ago

Question

★★★★★
3. Why is the following statement, If the Church is a context, it is because it is inside our heads, correct?

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) Jeppe drinks because Holberg (the author) forced him to. b) When the soup you are served tastes bad, complain to the cookbook publisher. c) The purpose of an...

Answered: 1 week ago

Question

★★★★★
2. Find out if there are other reference points that can be used as reasonable alternatives.

Answered: 1 week ago

Previous Question Next Question