A regression analysis between sales (y in $ 1000) and advertising (x in $100) resulted in the following estimated regression = equation: 45.4 + 12.8x Based on the above equation, if advertising is $5,029, then the estimated value for sales is Your Answer:
A regression analysis between sales (y in $ 1000) and advertising (x in $100) resulted in the following estimated regression = equation: 45.4 + 12.8x Based on the above equation, if advertising is $5,029, then the estimated value for sales is Your Answer:
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 15HP
Question
Transcribed Image Text:A regression analysis between sales (y in $
1000) and advertising (x in $100) resulted
in the following estimated regression
=
equation: 45.4 + 12.8x Based on the
above equation, if advertising is $5,029,
then the estimated value for sales is
Your Answer:
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage