Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 20, 2024

The owner of Reliable Furniture studied the relationship between sales (y) and the amount spent on advertising (x). A random sample of 3 homes

The owner of Reliable Furniture studied the relationship between sales (y) and the amount spent on advertising (x). A random sample of 3 homes give the following information. (x1) 14, (y1) 16, x2= 25, y2=27, x3 =35, y3=18 To estimate the regression equation, the slope is equal to? (Round answer to three decimal places ex. 2.091)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Cambridge IGCSE And O Level Additional Mathematics

Authors: Val Hanrahan, Jeanette Powell

1st Edition

1510421645, 978-1510421646

More Books

Students also viewed these Mathematics questions

Question

Your corporation is considering replacing older equipment. The old machine is fully depreciated and cost $54,876.00 seven years ago. The old equipment currently has no market value. The new equipment...

Answered: 1 week ago

Question

What is the formula for calculating the interest rate and future value? In 1895, the first US open golf championship was held. The winners prize money was $150. In 2019 the winners check was $ 2.25...

Answered: 1 week ago

Question

Dickinson Brothers, Inc., is considering investing in a machine to produce computer keyboards. The price of the machine will be $1,400,000, and its economic life is five years. The machine will be...

Answered: 1 week ago

Question

★★★★★

Find the radius of convergence and interval of convergence of the series. 00 (-1)"x" n=0 n + 1

Answered: 1 week ago

Question

★★★★★

FASB ASC 320 (generally effective until 2018) requires companies to assign their portfolio of investment securities into 1. Trading securities 2. Securities available for sale 3. Heldtomaturity...

Answered: 1 week ago

Question

★★★★★

What is the variable $T_{r}$ in the following formula that calculates the dollar error produced? \[A_{i}=N e_{i r} \cdot V e_{i} \cdot T_{r}\] a. Tolerance of the $r$ th control b. Number of...

Answered: 1 week ago

Question

★★★★★

43. For P(Y A) > 0, show that E[X|Y A] = E[X I{Y A}] P(Y A) where I{B} is the indicator variable of the event B, equal to 1 if B occurs and to 0 otherwise.

Answered: 1 week ago

Question

★★★★★

1. What was the total purchase price/ enterprise value of the transaction? 2. Why did Exxon Mobils shares decline and XTO Energys shares rise substantially immediately following the announcement of...

Answered: 1 week ago

Question

★★★★★

The Engler Oil Company is deciding whether to drill for oil on a tract of land that the company owns. The company estimates that the project will cost $8 million today. Engler estimates that once...

Answered: 1 week ago

Question

★★★★★

E4-22 (Algo) Recording A Closing Entry L04-4 Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts...

Answered: 1 week ago

Question

★★★★★

Jennifer Lopez owned four speedboats named Porpoise, Priscilla, Providence, and Prudence. On April 2, Jennifer made written offers to sell the four boats in the order named for $4,200 each to Aiden,...

Answered: 1 week ago

Question

★★★★★

Following the discovery of the collapsed storage racking, no one secured the scene. (a) Why is it important to secure the scene of this near miss? Note: You should support your answer, where...

Answered: 1 week ago

Question

★★★★★

From information below work out the Total Control Cost (TCC) = _$____________ Annual expected savings: $550 Combined control effectiveness: 50% Annual covered loss: $950

Answered: 1 week ago

Question

★★★★★

Refer to Figure 12-4. Potential GDP equals $500 billion. The economy is currently producing GDP1 which is equal to $400 billion. If the MPC is 0.8, then how much must autonomous spending change for...

Answered: 1 week ago

Question

★★★★★

Paul Simon shoots a .2 kg puck at 25 m/s and Patrick Roy catches the puck for .3 seconds. How much force does Patrick Roy absorb?

Answered: 1 week ago

Question

★★★★★

Your landscaping company can lease a truck for $7,100.00 a year for 8 years. It can instead buy the truck for $36,115.55. The truck will be valueless after 8 years. a. What is the present value of...

Answered: 1 week ago

Question

★★★★★

Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...

Answered: 1 week ago

Question

★★★★★

6-4 Explain how to use two work simulations for selection.

Answered: 1 week ago

Question

★★★★★

5-21. What would a Hotel Paris help wanted ad look like?

Answered: 1 week ago

Question

★★★★★

6-5. Testing is only part of an employers selection process; you also want to conduct background investigations and other selection procedures. The main point of doing a background check is to...

Answered: 1 week ago

Previous Question Next Question