Answer:
18
Step-by-step explanation:
Equation A (y=mx + b) is in slope intercept form.
<span>So far I have:
(1.25 + 1) </span><span>if </span>x<span> is in the interval</span><span> (-inf,7]
(2.25 +1) </span><span>if </span>x<span> is in the interval (7,13)</span><span>
(3.50+1+3) </span><span>if </span>x<span> is in the interval [13,inf)</span>
Answer:
5
Step-by-step explanation:
Answer:
(A) For each additional hundred dollars spent on advertising, sales are predicted to increase by $2,380.
Step-by-step explanation:
Regression isa statistical equation, denoting relationship between independent (causal) variable(s) & dependent (effected) variable.
y = a <u>+</u> bx
where y = dependent variable, x = dependent variable, a (intercept) = autonomous value of y, b (slope) = change in y due to change in x
Regression equation of independent variable (x) as advertising expenditure & dependent variable (y) sales : y = 24.45 + 2.38x
Sales are in thousands of dollars, advertising expenditure is in hundreds of dollars. So, the interpretations are :
- Intercept interpretation : When there is zero advertising expenditure, sales are 24.45 thousands i.e $24450
- Slope Interpretation :<u> When advertisement expenditure change (rise) by 1 hundred, sales change (rise) by 2.38 thousand i.e</u><u> </u><u>$2380</u>
