Essay
Regression Analysis
The local grocery store wants to predict its daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store's sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/MegaStat output given above summarizes the results of the regression model.
What is the estimated simple linear regression equation?
Correct Answer:
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? = 63.333 + 6.667X
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Correct Answer:
Verified
? = 63.333 + 6.667X
Feedback:...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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