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Refer to Table 1: What would you tell the Finance director the predicted forecast of profit is given $180 of sales? F Regression Residual
Refer to Table 1: What would you tell the Finance director the predicted forecast of profit is given $180 of sales? F Regression Residual Total Intercept Sales Answer Choices $8.802 Thousand $3.355 Thousand $2.220 Thousand $89.896 Thousand $62.192 Thousands Question df SS 1 3819.284138 MS 3819.284 18 764.7395568 42.48553 19 4584.023695 89.89611 Coefficients Standard Error t Stat P-value -2.350233855 0.061957783 2.219499845 0.006534696 -1.0589 9.481356 0.303648 2.01E-08 Refer to Table 1: A company is opening a new store with an anticipated initial sales level of $180. The finance Director has asked for a forecast of this store's profit. You look at the sales of 20 stores in the region and their profit. We seek to find a linear relationship between the sales and profits to see if we can forecast profits based on sales. The following output was received. What is the estimate of the change in expected profit when sales increases by one point? ANOVA df Regression Residual Total Intercept Sales Answer Choiices -2.3502 0.06196 2.2195 0.05969 5.36546 SS MS F 1 3819.284138 3819.284 89.89611 18 764.7395568 42.48553 19 4584.023695 Coefficients Standard Error t Stat P-value -1.0589 0.303648 -2.350233855 2.219499845 0.061957783 0.006534696 9.481356 2.01E-08
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