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The Following Regression Model Has Been Proposed to Predict Monthly

Question 23

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The following regression model has been proposed to predict monthly sales at a shoe store. The following regression model has been proposed to predict monthly sales at a shoe store. = 40 - 3x<sub>1</sub> + 12x<sub>2</sub> + 10x<sub>3</sub> where x<sub>1</sub> = competitor's previous month's sales (in $1,000s) x<sub>2</sub> = Stores previous month's sales (in $1,000s) = sales (in $1000s) a.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and no radio advertisements were run. b.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and 10 radio advertisements were run. = 40 - 3x1 + 12x2 + 10x3
where
x1 = competitor's previous month's sales (in $1,000s)
x2 = Stores previous month's sales (in $1,000s) The following regression model has been proposed to predict monthly sales at a shoe store. = 40 - 3x<sub>1</sub> + 12x<sub>2</sub> + 10x<sub>3</sub> where x<sub>1</sub> = competitor's previous month's sales (in $1,000s) x<sub>2</sub> = Stores previous month's sales (in $1,000s) = sales (in $1000s) a.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and no radio advertisements were run. b.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and 10 radio advertisements were run. The following regression model has been proposed to predict monthly sales at a shoe store. = 40 - 3x<sub>1</sub> + 12x<sub>2</sub> + 10x<sub>3</sub> where x<sub>1</sub> = competitor's previous month's sales (in $1,000s) x<sub>2</sub> = Stores previous month's sales (in $1,000s) = sales (in $1000s) a.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and no radio advertisements were run. b.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and 10 radio advertisements were run. = sales (in $1000s)
a.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and no radio advertisements were run.
b.Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9,000, the store's previous month's sales were $30,000, and 10 radio advertisements were run.

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a.$373,000...

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