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If we spend $5,000 on advertising expenses what would you expect Gross Sales to be? Base your answers on the following linear regression output. Input
If we spend $5,000 on advertising expenses what would you expect Gross Sales to be?
Base your answers on the following linear regression output. Input your answer as an integer.
SUMMARY OUTPUT | ||||||
Regression Statistics | ||||||
Multiple R | 0.776 | |||||
R Square | 0.602 | |||||
Adjusted R Square | 0.581 | |||||
Standard Error | 585 | |||||
Observations | 21 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 1 | 9807108 | 9807108 | 28.691 | 0.000 | |
Residual | 19 | 6494659 | 341824.1 | |||
Total | 20 | 16301767 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
Intercept | 25992 | 260 | 100 | 0 | 25447 | 26537 |
Advertising | 0.26 | 0.05 | 5.36 | 0.00 | 0.16 | 0.36 |
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